As I said yesterday, I expect S&P to print the swing low today (Nov, 12 Wednesday) which was the reason I got out of the longs yesterday.
There should be a sharp intraday reversal that should push the indices near the high of the session before the close.
There are two possible reversal areas depending on where we open. If we gap up, I expect 870-875 to be the low. If gap down, then 860 area could be it.
Once we print the low today, I expect a rally till option expiration next week.
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