We Almost Did This Today

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The market started the day weak, bounced and then came back down later in the afternoon.

Near the close the selling hit it's peak and the $SPY broke to session lows.  It was just one minute away from closing the day at the lows... something it has yet to do this year.

And a minute before the closing bell, with a low of the day close on the line, the market spiked higher and averted disaster yet again.

after the bell stock futures are continuing their rally, trying to put today's 1% decline in its rear view mirror.

Crude oil is spiking higher after the close up over 2%.

Is today's weakness the start of the next move lower for the market?  Or is this just another rope a dope for market participants.  I'll cover that and more in tomorrow's morning market video.

Have a great evening.

Known to most as Uranium Pinto Beans, Jason has more than 15 years under his belt of trading stocks, options and currencies. His expertise primarily lies in chart analysis, and he has a strong eye for undervalued stock. Because he’s got the ability to identify great risk/reward trades he usually enjoys taking the path less traveled and reaping the benefits from the adventure.

He is a co-founder of Option Millionaires, and he is best known for his weekly webinars with Scott, as well as his high level training webinars and charts found in the forums.

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