The damn bots!!

Sometimes you have to think like the algorithms! After all the pre-market fear what did the market do? It basically sucked in more shorts and then ripped them a new one. From what I could see, most of the buying was done by the algorithms or the black boxes. Of course it makes sense, as all the weak hands would have sold pre-market and then new shorts expecting a continuation got squeezed getting their butts handed to them. Still we could see some type of afternoon reversal as most of the retail crowd is expecting the market to hold at these levels. Cumulative ticks have been a mixed bag oscillating between -5000 and -1000 showing wild swings in between. Trading today on the e-minis is likely to be dominated by the bots so it's not a really good environment to trade in unless you want to get chopped up.