A Daily Swing Trade

The market was in a down trend for 3 months, a quick bounce is exciting, but it is new and untested. Many people call it the "Thank Goodness" rally. If someone was holding a position that has been moving against them for three months, they would use this rally to cover a bit higher than worst case, so they say "thank Goodness". In my opinion, this is the real thing, it is developing into a real up trend. After the initial pull back, the market will confirm the new up trend, establish a really solid bottom, and then we will get the real up trend...