Bouncing market

Every time there is 2 to 3 days sell off the market continues to recover vigorously from it. But these bounces from short term strength have had hard time sticking or following through. That makes buying breakouts a risky proposition , unless you are very selective and look for very small moves.

The summer time trading some years tends to be like this. This week there is deluge of data being released and that might act as a catalyst for the market to get out of this range.