In case you hadn’t noticed the rally is on. Hedging and scaling out are in order. This may carry on for some times judging by the market today. If you paid heed to our recent posts you shouldn’t be discomfited. A chance to take some profits (a little later) and short some more. For the moment the bear hunt is on.
Bars of this strength are not to be ignored. Don’t.
s&p volume looks relatively light today (3/26)…signs of the upwave running out of steam?