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Algos reacting to news makes trading difficult. And you wonder why the pros have been moving out of the market while retail rushes in. Thank you Bob Farrell for your 10 rules that explain what this is.
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Experts are saying we are working on a Zweig breath thrust, will know after the close. Correct way to trade it is to look for the next significant higher low and ignore all the calls about bear market rally. Anyway, if it triggers I am positive lots of charts showing past performance will be all over the internet.
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Generally the rebound should be sold, but again, nowadays, generally might not work.
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