Premarket not particularly exciting today. Likely will open at roughly the same spot we traded at for most of yesterday. The charts have all broken down and are hideous, there's no sugar coating it. Lots and lots of work to do to stabilize get back on track. A very very strong day today and we're still not out of trouble. But having a strong day is an important step 1.
Just one word of caution: the 10th biggest gainer day in history (+9%) came prior to a further 20% drop in 2020.
But... Hard to not be encouraged by the bulls work today. QQQ awfully close to Fridays lows which is a crucial level. Hopefully it breaks through.
Breaking News: Governor Walz stole a turkey from a local grocery store. What is he going to take next?