The second day of this dead cat bounce exceeded expectation. After the release of the FOMC minutes, the market rallied through the resistance level and put in a stellar performance. It even rally into the close with a gain of slightly more than one percent.
So is this a dead cat bounce or a reversal of the recent pull back? The answer lies within tomorrow price actions. In this video, a look at some possible scenarios for the market and for AAPL, FB, TWTR, TSLA, GOOGL & BAC.
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Disclosure: Long AAPL Call Spread, long SPY PUT.
