This is old fashion trading and there is no need for fancy charts and graphs. As anticipated, selling into strength, short from pivot 631 and closed out at S1 617ish. One Feb 630 OEX put contract would have net you at least 700 dollars in one day. Imagine you have 10, 100....contracts? Anyways, Tuesday's numbers are 630, 623 and 613. Today's consolidation at the low of the day means more selling to come. Some forecasted the diamond formation of the DOW with target of 11,100 and that will bring OEX to below 600 when this is done and over with.
Good luck
2c
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