Why the rally off lows today?
1) Massive buy program by smart money.
2) Bearishness is at extreme levels.
3) Market down 6 days in a row.
Over 80% of the time in the last month.
4) Everyone already knows the FED will keep raising.
Conversation
Replying to
It was a Text Book play! shorted pre-market with low float….then filled at the open, and went long …finally closed their positions at close! Tomorrow they start shorting again an hour after the open!
