The violent buying frenzy of Friday spilled over into today's trading session. My bearish skew of the market continues to get tested.
Just looking at the buying pressure throughout the session, the relentless bid, coupled with the dips that are feverishly being bought - it is very difficult to look at this market as one that is ready to resume a decline.
And perhaps it won't. Perhaps the bottom is in. Perhaps new record highs await us into years end. Maybe 2016 is the year when stocks fall apart. Or perhaps we never see a red candle again.
One thing is for certain. As the buyers come and lift prices with reckless abandon, stocks are starting to turn from a chart perspective.
But they haven't turned enough for me quite yet.
Let me leave you with this to ponder.
Is this chart of something you would buy? Or something you would sell? Please comment below: as I will. Thanks.