A small pullback after a gap up. Straight up moves and V reversals are rare , so some kind of pullback/consolidation is not a deal breaker unless there is sustained follow through.
A multi week consolidation/pullback would be better setup, but market does not always \follow the script you want it to.
Many beaten down stocks rallied in this move, stocks with momentum comparatively were not where big moves were.
For sustained up move I would like to see small caps and stocks with momentum taking on leadership.
A multi week consolidation/pullback would be better setup, but market does not always \follow the script you want it to.
Many beaten down stocks rallied in this move, stocks with momentum comparatively were not where big moves were.
For sustained up move I would like to see small caps and stocks with momentum taking on leadership.
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