- 8 June 2008
Last night was all over the place, ended up but was down when i woke up mid night..not an up trend that is for sure.Yup, decent bounce in the US after last week’s heavy sell-off. Although it is worth noting that volume on the S&P500 was down nearly 50% compared to trading on Friday.
All trading carries risk, but this could be a signal of a lack of conviction in this attempted rebound with traders likely waiting for the outcome of the FOMC Meeting before making bigger bets on direction.
Good opportunity to buy shorts if you are game enough