|Day Low/High||27.12 / 29.13|
|52 Wk Low/High||16.10 / 30.00|
The fact that many traders weren't well-positioned for Monday's move up is helping to create one-way action this morning.
The psychology seems to be that if the bears can't do better than this, then we might as well put some money to work.
I'm looking for chances to add to my position in ProShares UltraShort Russell 2000 ETF.
Market is showing a lack of interest today.
The market is acting like it is hungover and it needs some time to regain its energy.
This morning the most notable aspect of the action is the complete failure to bounce so far.