On this pop - it was NQ that reversed off it's RTH mid-point. They're not always in sync, so it can pay attention to see how they play off each other. The tricky part is of course to know if it's an actual reversal or just a temporary pullback. I don't have any strong reads for this day. We can rip and we can tank.
Drip drip... Scalpers must be having the time of their life. A world of pain for intraday swing traders...
Interesting. Yesterday was a bigger move down as well, so a bit of consolidation isn't odd. I was expecting more down side momentum if we were headed lower today, so that's what's making me lean long for the next major move. But I'm long, so we'll probably tank.