Get Ready for the Bounce (shortly after the 1120.76 SPX downside gap/magnet probably gets filled):
The CBOE Index Put/Call Ratio closed at a Bearish high fear 1.53 today 8-19 vs 1.78 on 8-18, which is a Bullish -0.25 Daily Delta. Looks like SPX (http://stockcharts.com/freecharts/gallery.html?s=spx) might put in an important cycle low on Monday 8-22.
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