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In this video i mention that today is an important day as we believe that the bears defended the 1175 SPX level very well and could gain momentum going into tomorrow. The engulfing red candles are very ubiquitous and should provide bears with the right push lower to at least 115 on the SPY.
We also look at GLD and point out that there is an inverse H&S on the daily chart nonetheless.
We also look at trades made by the hedgefund on UTI and WYNN. And talk about AAPL and GOOG as potential short trades.
