The RPT aka "Rally Prevention Team" initiated business today with a test that was succesful, and will now be conducting business on a daily schedule. Blame all selloffs from here on to the RPT.
Does that mean that when we have an unusual intraday surprise in great news, like say the GDP unexpectedly rose 5%, or consumer confidence and PCE suddenly jumped 5%, that there will be a sudden and dramatic surge to the downside on huge volume. That's going to make for a lot of adjusting on my mechanical buy signals.