Today might be an up day
From Sentimentrader:During the past 3 sessions, the number of 52-week
highs on the NYSE have made up fewer than 1.25% of new highs and
new lows. This kind of overwhelming push in new lows has been seen
on 41 days in the past 30 years. All 41 showed a higher return in the
S&P 500 over the next year, averaging 20.6%. On a medium-term time
frame, the only days with meaningful losses were 5 sessions in early
October 2008
Perhaps today the market just shots higher slowly and then faster or after the FED drop and very quickly reverse
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