With the overconfident bulls emboldened by the 200-day moving average looming just above, the bears have run a trick play and have the goal line in sight.
To be sure, there are half a dozen defenders in between here and a score – starting with 380-lb All-Pro VIX. Its 200-DMA at 16.54 is now resistance, and it has a reputation for cheap shots.
Thanks to exhaustive scouting, though, our yield curve model suggests there’s a weakness in the defense that offers bears a clear path to the end zone — if they don’t fumble the ball.
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