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In the YouTube video, Chris discusses the S&P 500 e-mini contract, noting a recent decline in trading. There is a possibility of further negativity with a potential move down to the 3800 level. Chris mentions that liquidity may be an issue due to the upcoming Christmas holiday, which could lead to erratic movements. He believes that the market is preparing to start the next leg lower, and suggests being cautious with rallies as they may indicate exhaustion, expressing willingness to short the market.
