Extremely treacherous market last evening as the market rebounded off low to a day high and then got slammed down all the way to the low of the day low. It's such a pump and dump moment but I still managed to get out of such tough market environment. The key is to watch how those big whales dump during the pt process and then how they slowly distribute the market before selling down. If you had acquire such knowledge, it's pretty easy to avoid unnecessary mistakes and losses. In the 5 minute chart, the Nasdaq had touch a small floor and starting to bounce off which might indicate that a short term demand zone is around that area and soon it will touch a supply zone which sellers will emerge again? The key CPI data will be released tomorrow and it might cause the market to go volatile again. Stay tune.
