"Sell The Bounce" Is Still Underway: April 27th Plan

Yesterdays 100+ point short squeeze in ES was a textbook example of what a “bear market” rally looks like. Price melts down, violently squeezes upwards (can last anything from hours to days), then right as sentiment begins to turn positive is slammed back down for another leg.

This happened today and we remain in a “sell the bounce” regime: This will remain the case until a significant support level can recapture. This is a day traders market, and it is absolutely critical to know where the levels are. Melt-downs happen fast, and the counter-trend squeezes happen even faster.

In today’s newsletter, I’m going to discuss the major multi-month bullish pattern that broke down today, what it means, and why bulls have a very short window to reverse it tomorrow to set a multi-day low.