S&P500 futures are yet again trading lower in the morning. Go figure. Yesterdays modest downside move was negated with 20 minutes of ravenous buying after the open.
S&P500 futures roared higher over night to new record highs. This came on the heels of an unusual and sharp overnight sell-off. Unusual is probably the best term to describe any sell-off these days, which means this market is still trending higher. The "ludicrous" recovery yesterday from session lows, is the same type of "ludicrous" action we've seen the last 8 years.