Short traders Shorts being stopped out again as they wake!
Could be an opportunity to get long today, as I'm expecting tepid economic data premarket. However, Good data...4th gap and go....
As the stops go premarket, a 'sell off' to 2720-24 area seems not unreasonable; where I have Buy Limit orders Stop 2717 area, then a steady buy all day back to ATHs. Ill be very surprised if 2715 is broken today
Thats my daily FF.