Wow, this is just insane. I was expecting some volatility and fireworks but this is ridiculous.
First, 60-min cover signal was issued. Small loss from yesterday's signal. But right now it has just flashed a buy. .... But I really think the setup stinks. Way overbought, and coming off the heels of a pretty solid sell signal. Today feels very 'reactionary' (a bunch of OPEX gamesmanship). So I would like to see some more follow through tomorrow if I am going to take this move seriously.
But we did have a move down and strong bounce off of the 23.6% retrace (like I was highlighting yesterday). It just seems to me like the pullback has not taken enough time yet. We'll see.