The overnight sleight of hand likely confused many traders with the plunge. Our #EMWS rules kept us suspecting the low was already in and it was more likely that we would continue the Bounce to test the low eighties. Ahh, the low 80's, how nice that would...

What a difference a day makes. Wrong Way Charlie ( all of us at some time ) loves to be a chaser when the trend is "too" obvious. Today we were looking primarily short side, because of yesterday's egregious nature. Even Afternoon After Trend Day didn't...