Might as well recycle that title... a real megaphone pattern evolving here even as momentum oscillators contract inversely. In spite of the huge dollar/ commodities reaction this morning, internals are mostly positive and the VIX is coming down, so I believe we can minimally hold those reaction lows -- though I also expect we may see some stronger SPY resistance between $111.10 and $111.35. Volume is very heavy today.
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