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Today, market open sharply low and spent most of the day below the gap. In fear of nationalizaiton, BAC and C, the most actively traded stocks for the day, sinked to a level rarely seen, (BAC~2.5$ and C< $2). Around 1:20PM, both had a sharp V-reversal after a parabolic moving down, while SPY sits on the low rail of the downtrendline, and an 5day 5%envelope line.
As BAC is a very senstive indicator for the market at this downward move, it's very likely the general market will follow. At about 1:30, Spx starts to climb up, though the volume is not impressive at the beginning until it broke out a micro-down trendline.
I realized the great chance but didn't take action, due my stress caused by my traped CL and ES position.
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