Weak dip - check. NQ still an Inside Day, so that should help us here. Would be nice with some momentum above the HOD now. If we puke, I might bail, although I still think today could be a biggie.
Thanks, only trade for the day due to my day job. I think shorts could be in trouble here, i don't think we will reverse tomorrow.
I've noticed that people seems to get too bullish around tops and too bearish around bottoms. This weekend it seemed like people were expecting carnage this Monday. There were also a lot of rumors about a big bank in Europe going bust. Funny how the market did exact the opposite.
This is a strong trend. A lot of people were wrong today and caught off guard. That only makes it stronger. Powell probably gonna get his 100 points today.