maybe the feds are tanking the market as an excuse so they don't have to raise rates when in fact they really couldn't in the first place. LOL Heck they gave everyone the last 9 months to get out if they wanted now they're just giving everyone a chance to load the boat again for 2300+ S&P
does yesterdays upward action indicate that the bearish pennant is voided? Typically that pattern would indicate further downside but yesterday it broke upward. Again today more upward move.
Does yesterdays and todays action mean the bearish Pennant on the S&P and Dow that formed to a tee the last 3 week is no longer. Appears many were looking at that and expecting more downside and its as if they the feds and gov wanted to kill it and throw that scenario out.
Of course there is no guarantee that markets don't rebound to support or recent highs and then roll over??