Yesterday's rip lower produced a rip higher for today!
Once the short covering got underway from the morning 90 minute balance, a clear trend day higher unfolded. With all of the laggard shorts caught from yesterday, the structure was as clear as a bell.
The overnight session stop gun, rip out, was classic too.
Come Monday, this market probably breaks out to fresh all time highs.
But after to rip-roaring days, a balanced session would not surprise.
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