I’m trying not to think about how long ago I sold these puts.
![IEFA](https://slopeofhope.com/wp-content/uploads/2022/03/IEFA-640x578.png)
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In my post a week ago I was saying that SPX was back on the Three Day Rule, and on the third day SPX closed clearly back below the 5dma, triggering the rule. That means there is a very high probability that the 4114.65 low will be retested in the near future.
SPX daily 5dma chart:
Yesterday evening, in what is probably the longest “premium” post I’ve ever written, I shared this chart with my Gold and Platinum folks to illustrate what I felt was a very strong level of support on the /ES market, in spite of the fact that, as of last night, it seemed the entire financial world was going to collapse.