Only after reading the news after the market closed did i realize that i overlooked a significant fact. After gazing so strongly at the November lows, noting that it's also an 11 year low, i totally missed the simple 'round number'.
The SPX closed right at the brim of the 700 mark. It briefly pierced it, but nevertheless, the line held. Only time will tell if this mark will remain a significant support.
I'm in a position with USB, shorted at 13.15, with a target price of around 10.
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