Clearly the market spoke today. $SPX started the day down 10.21pts on the week and took back all of that in 6 1/2hrs while invalidating the Hanging Man reversal candle in the process. This indicates to me that market dynamics have in fact flipped from bearish to bullish and that last week’s rally was legitimate and not just a dead cat bounce/short squeeze.
The icing on this cake would be a follow-through day as well as a Breadth Thrust per Zweig Breadth Thrust, but we are running out of time. Just have to see how things go tomorrow and Friday.