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I stated in the last post that, "My gut-feel is that we'll recover some of the lost ground tomorrow and then resume the drop on Wednesday".

Judging from pre-market action, that seems to be the case. In both the EUR/USD and the /ES, we seem to be pushing our way back toward necklines.



The completion of these retracements might make for some good new opportunities for shorting certain ETFs, such as those in the energy sector.