I had to probe the long side only to cut loss a few times before catching the market pop on Wednesday afternoon.
It looks like the news is good news pre open.
I will be using this indicated higher open to take short-swing profits.
If a normal post-open minor pullback materializes, I’ll try the long side again.
I think an upside bias could last a few days, given the depth of the oversold condition this week.
The very weakest stocks and commodities over the past few weeks could snap back the most.