short-term pullback coming IMO but looking like a V rally for sure
$QQQ $SPY $IWM $DIA The rallies will create just as much panic or FOMO. People hate missing the bottom so they will chase sending prices higher than most think in the medium to short term.
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@GregRieben agree with you 100%. I was skeptical of shorter term upward movement off the open. The perfect signal of pullback this AM was crude oil retraced well before the pullback in equities... definitely provided one sign we might be topping out. Also dollar FX pairings look topped out (USDJPY mainly). Euro bottoming action and PMs possibly showing some signs of bottoming. Shorter term yields topping out as well (5 -10 year)
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