Having trended down into the

Having trended down into the close, from an afternoon high that printed before the last 60-90 minutes, gapping up sharply tomorrow could reverse direction for a couple of days. Ending the correction sooner rather than later required this leg to be quick and impatient. That”s the likeliest path higher, likelier than to try recovering from fresh lows. Gapping up too shallowly would be likely at least to probe fresh lows intraday. And fresh lows intraday could simply extend the decline. The bottom line is that a lot of selling pressure has been expended very recently, and it has met its objectives, but not recovering by noon Thursday would suggest a much downleg is underway. Here”s the post-market Wrap recording for more:
https://roddavid10.mitel-nhwc.com/join/cxwkwwz