So we got the intraday bounce as expected when the market hit yesterday' break out point.
Here's what worries me going forward because I'v see this before.
1) Market was suppose to go down yesterday. Instead the market Packaged FED Speak as Super Bullish squeezing all the shorts.
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Ya I bought and sold the bounce already. Don't wanna risk overnight hold
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With many shorters closing out many positions yesterday and today, the next bunch of selloffs might not bounce too well if there are not many left to cover at support zones,and not there to add to any bounces off those support zones,and have weak bounces,that turn red breakdowns.
Yesterday you said you didn’t trust that bullish move, well once again you nailed it.