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Over sold ?

- SPY is in 20 MA support
- VIX is in 50 MA resistance
- CPCE indicator is in overbought area

When Put Call ratio is high like .74, means traders are scared and long more puts than calls. Who ever sold this puts (professionals) will not let this people win. What they will do .. they go and buy the market.

There should be a good chance of short squeeze over this position in the market.



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