Short term capitulation? There was 23 point gap down in the S&P futures on Monday followed by another 30 points lower in the intraday session. Coming out of 130 CST there was a violent 30 point rally straight up finishing the day off higher than where we opened. Today looks like the all familiar V bottom we have seen in the past. Lets compare this chart to the rally from 9/29/2015 as it is the exact same set up!

Eric Marcus
President/Co-Founder
majorleaguetrading.com

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