30 min. view of SP-500

                Patterns laying the foundation for a move, But Follow Through Is Key.
                                    Observe price action first and foremost, it is telling the tale.

Back in 2008 short sale bans produced a big oversold bounce.

The bounce gave an opportunity to trade long, short-term, and unload trapped long positions.

No follow through today.

There will be some good trades ahead of us. For now, stay focused on cash preservation and at the same time stay opportunistic.

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.