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SPXT - Investors Fail To 'BTFD' As They Await Fed 'Taper'
ProShares S&P 500 Ex-Technology
We can attribute the weakness on Friday to “quadruple witching,” where every type of option (stock index futures, stock index options, stock options, and single stock futures) all expired simultaneously.
With the market very oversold, a counter-trend bounce next week will not be a surprise.
Once we look at the market from 1900 to the present, a different picture emerges compared to its exponential long-term growth trend.