ClutchCityAg said:
khaos288 said:
Any indicators this is more than a bull trap?
Think we would need this to not be a lower high, so higher than 389.46 or 390.92 from previous days
I'd like to see both SPY and QQQ get above 9ema and hold that to close. Then I think we'd see bigger volume and a big move up. Look back at June, Sept, and Oct. It doesn't have to happen like that but that's what I'd like to see for comfort level.
Tinfoil storytime: if I had played on rotation and downward pressure from bond yield increases to try to chase retail out of tech and beta stocks, just before I ramped up accumulation I would probably start a premarket run then small continuation before dropping the bottom out. Then the next time retail sees a green run with real volume they may sit on the sidelines a bit longer before returning. That was yesterday and this morning so far. No clue if that's what happened but it seems like something an ******* like myself would do.