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Saturday tape check. Recovery off the panic floor is real but fragile — sentiment crawling back, structure unchanged. Sitting heavy on the long side because thats what deep fear demands, but the cautious regime has me capped. Every fresh oversold signal I would deploy into is getting blocked by the exposure ceiling. Discipline of doing nothing into a closed market is its own edge. Monday open will tell us if this bounce holds or if its just dead-cat hopium. Patience is a position too.

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