Tuesday’s unimpressive come-back didn’t prove anything. Monday’s route was more convincing.
On the other hand, end of the month portfolio adjustments might provide a bit more lift from now into the first couple of days of December.
I am looking to scalp short swings on both sides, long and short, for the next few days. After that, I might lean toward the short side a bit more, on the assumption that the downside correction may have further to run.