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  1. Quickly approaching my sell target in spy, the upsloping resistance line of the massive monthly rising wedge we seem to be in (the only thing that makes it less clear is december’s dump) I intend to scale out of spy completely and long the vix when we get there

  2. I want to be optimistic about the market but I have S&P, Nasdaq, SPY and QQQ stopping PERFECTLY at long-established trend lines today I would love it if we broke out of this range and the market climbed higher, but based on the behavior of the last year and a half, I have to assume we won't. Maybe I'm wrong though and this is the time the market sheds this range.

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