Some wild action this week to be sure.
It‘s just hard to grasp the fact that we fell so hard on such heavy volume, and then we come back as if nothing has happened.
I’m still skeptical of this bounce, but so far it’s working and I am into a BIDU long for now but it may not last long.
SPY snapped back large but couldn’t hold above the gap area at 238.80 to close out the week.
As long as we stay under said gap area, we should see more weakness but who knows.
I surely didn’t expect such a sharp quick move up from the Wednesday weakness.
Enjoy your weekend.
