Now the new question for this week's trading: are the moves we are seeing a short-lived pullback before the next trend wave or is it a real recovery?
For the moment, it looks but we lean towards the "sell again during the retest" approach. All major indexes have resistance levels above them that would make for a great "sell on the retest" trade. The most important thing to keep in mind is NOT to blindly short without a retest. For now, it looks . Don't try to call a reversal too early - trade what markets give to you.