I was shorting the morning after breadth turned down, right before the 3% drop.
I was not expecting the rally the next day to be so much, then Friday I added to shorts at the new low close. NYSI came in at -60 points drop that day, Monday was down an additional 26 points,
The now 140 point reversal, which was done mostly in globex, makes no sense from a breadth standpoint.
That was the best chance for a crash since last Feb. and it looks like someone wanted to avoid it, we got 30 points in cash and 110 in globex where no shares changed hands.
Edited by CLK, 02 February 2021 - 05:15 AM.