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Last night Sunday we wrote on StockTwits that we were hoping for $SPX $NDX $RUT to gap down big and get close to support so the buying starts sooner rather than later.
Well, we got the gap down big this morning, not close enough though. But due to the bullish divergence we observed and discussed, we decided to buy a small number of shares of TQQQ and TNA today so that we have some skin in the game.
A lot of Elliot Wave practitioners are still calling for further price drop. And this is still a strong possibility, based on our charts below. Let's take a look at the support and resistance zones for $SPX $NDX $RUT.