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View submission: 25k SPY puts yolo (WSBlong)
Theoretically every single time the NASDAQ has closed below the 200DMA we are on the clock 2 weeks from now. If we drop 3.5% from the close in 2 weeks the market has turned bear every single time. If we hold above that 3.5% mark the market has proceeded to rally to ATHs everytime. Either way the market sold off incredibly fast this time around all things considered, I think we see a bounce to some extent.
There's nothing here!