This market is nothing more than a mass of synapses that gets fired up by the latest tweet, rumor, or back-pedal. This morning, the bulls were in “all systems GO” mode with the breakout (green rectangle), which was immediately followed by a multi-hour face-slap (red arrow), allowing bears to short like crazy just in time to get their own losses from a bounce based on No Particular Reason ™. Enjoy the madhouse, folks! Stops are your friend!
