Market Notes for 8/21-8/25
Recap of last week: Market rejected off big levels that were mentioned in last week notes 4500SPX/447SPY/370QQQ, we had a slow grind down at first then selling accelerated on Thursday/Friday as we approached OPEX. I mentioned the potential for a selloff late in the week but obviously blew through my 4400 target. There wasn't really any crazy news to cause this selloff but it generated a great trading opportunity that you probably only see 2-3 times a year.
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