Acute Selling gave way to the "Magic Monday" - a new phenomenon where the ALGOs no longer wait until "ALGO Tuesday" - but instead use any opportunity on a Monday to leave an indelible mark on Traders.
Today was no exception.
Sells were automatic after Globex failed the open. a Whoosh down into 10:30 AN EST followed by the obligatory - Lobster Roll Lunch whereby, Sellers were crushed for 440 Points into the early Globex Open.
Buying the Dip was axiomatic, hopefully, you did as well.
The 15 Minute Chart above has the Extensions within an overall Short Term overbought condition on Minor TF's as the reversal took some energy.
Unfortunately, there is more energy overhead.
1 / 2/ 4 - Hour Charts illustrate the potential for this retracement.
Wednesday... we may not need to wait, as the Chef @ the BLS has no doubt leaked a dribble or two ahead of Lunch - seemingly perfect information flows only to those at the FED and in Congress.