The algos are pleased with themselves this morning, pumping futures 30 points higher on the fact that VIX crashed over 7% overnight. At one point, the SMA20 was only 5 cents below the SMA20.
Friday’s dip didn’t quite reach our 3730 backtest target – which, ironically, leaves the door open to an even lower low.
Can big bank earnings convince investors to continue overpaying for stocks?
continued for members…
Sorry, this content is for members only.Click here to get access.
Already a member? Login below… |