All Clear or Dead Cat Bounce?

One of the biggest challenges in charting the day after a big plunge is whether the subsequent rebound is the start of a new trend or a relief rally before the real ugliness sets in.  With the futures currently up around 20 points, our decision to go long at 1904.11 yesterday afternoon looks like the right one.

For all you daredevils out there, here’s your opening!  Long at 1904.11.  And, if you do, good luck sleeping tonight!

Will we still feel the same after today’s action?

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