its dumb money that piles in after what is an extended selloff that causes the massive short squeeze as we saw last year when the nasdaq added 100 points in a week. As for the CPI and PPI numbers, the selling this week reduces the weight of those numbers unless they are very bad.
hahahahhahaha as I write this the markets are headed higher, is that goldilocks working overtime today.
That screen capture is from almost 8 years ago. Means nothing. Looks like shorties are getting played today. Nasdaq rebounding strongly after selling off an hour ago. Not so easy to go short is it?
We both know that there is going to be another sell off if not today then Thursday and by Friday, people are going to jump off before the weekend. This up tick on ES will not last. It will be gone by Friday afternoon if not sooner.