Replies to post #17750 on ajtj99's Market Pulse

[market_watcher]

Rumor on the floor of a mass hiring spree that took place as rates have dipped this morning. The bad jobs report is now negated. We should hit new highs by 11am.

[jrintl]

I'd think a clear short-term choice now? If we break "double-bottom" around 1513-1515 or so, then we have fresh down (very well, just a corrective in total, but would mean lower prices ahead for very short-term)..

On other hand, the down yesterday and this morn could be the 'a' and 'c' of an a-b-c correction, meaning we are now pointed up at today's low, and that scenario becomes clear/confirmed with a break of yesterday's highs?

A gap fill, and then down would be a real mindf---