largest intraday reversal since Brian Ross ABC tweet in November!! IF this closes down.. signals short term top.. anyone loading up this morning is already (0.5%) in the hole.. pain trade commence.. time to sell and lock in profits.. watch for a vol spike
Watch for the inverse head and should pattern. A real favorite on these tiny selloffs. I see one now.
short with conviction.. the headlines will say "rally stalls on profit taking, traders blame technical conditions".. 2700 here we go