Based on nothing except technical and short covering. Light volume, big political risk in Ukraine, economic reports continue to be poor, Asia market on down trend. The rule when all these situations exist is to sell into any strength.
Yes it was a suckers rally
If volume were higher, we'd be up 2%. Shorts should count their blessings and cover now. Close will be at HOD.
Not today, Sparky.
HOD always mean reversal the next day