The Nasdaq just experienced a rebound yesterday with superb run up. Is this rally a dead cat bounce or the start of the another rally to come? That 5 min chart accumulation looks unreal but it rebounded anyway while the overall market sentiment is still pretty soberish due to the continuation of the rates increase from the Fed. Another trade in the books as I sold some shares during the rally last evening. Many stocks were indeed going red instead of turning green. Only the big blue chips were green while the rest were pretty mix. I guess any traders haven't got a chance to digest the interest rates and the inflation data readings yet. Well, I am looking forward to my next trade.
