Markets tried to drop on Tuesday. The S&P opened down big. Bear sellers probably felt smart thinking they caught the top.
Then mid morning, everything flipped. Sp500 rose 3%, South Korea up over 5, Hong Kong up a bit more than 1, and U.S. futures are up again with the S&P around 1% and Nasdaq over 1%.
It’s the classic pattern when fear drives the market. Traders jump in on a bounce, the price drops into the close, then overnight news comes in and the next morning leaves sellers underwater.
This does not feel like a clean technical dip. It looks more like distribution disguised as a drop.
What are you doing today? Are you buying the dip again or staying in cash until things calm down?