Quintessential Bear Market Rally?

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Markets filled with conflict and chaos–
-Short covering sparks rally
-Markets got its groove back?
-Real buyers?
-Two times SPX Expected Move
-Bear market rallies are violent
-Gravity /ES 4211 and 3931
-NVDA, COST caught up in the rally

Lack of Hedging? —
-Skew extremely low
-VIX
-VVIX

Positioning–
-Energy- oil 115 in a slowing economic backdrop
-Yield curve trade
-Fade the rally? XLF
-Short Dollar

SPX Expected Move–
–last week–    126.25     (expected move)
–next week–  100.19     (expected move)

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