An extremely powerful short-squeeze sent markets scrambling higher into the close.

Further upside follow through tomorrow and/or for the rest of the week has the potential. Stay focused and see how the market reacts to today's super squeeze. Focus on the price action first and foremost and expect more volatility until the market stabilizes itself.

The markets may be setting up for a trade with a significant bullish edge.

In spite numerous factors suggesting near term reversal, for now, until the price action shows positive improvements focus is on capital preservation.

Last Mohicans standing.

Remember, leaders must be shot down in order to have any meaningful rally that has potential to hold.

An old Wall Street saying has it that they don’t “ring a bell” at market bottoms.

Thinking that panic selling signals a low ?
Consider the Crash of 1987, which is the granddaddy of selling panics in U.S. stock market history. On that day, Oct. 19, the Dow dropped 22.6%. And even though the Dow bounced back impressively over the two trading sessions following that Crash — gaining 5.9% on Oct. 20 and another 10.1% on Oct. 21 — the stock market’s post-Crash low wasn’t registered until Dec. 4, more than six weeks later.
Chances are that the final low of the decline we’re experiencing will not be recognized as such until well after the fact.