This is yet another bear market rally – up volume was thin, not supported by fundamentals, short interest has increased. Technically market is overbought, and lower lows lower highs.
Last but not the least – Dow futures are indicated -146 @ 3 am EST. So this rally may not have legs.
This Rally May Have Legs - Bespoke [View article]
Last but not the least – Dow futures are indicated -146 @ 3 am EST. So this rally may not have legs.