It seems to be true that the market shakes out most participants before a bigger move. It is like a rodeo and I was thrown off.
The put/call ratio is still oversold and the market finally shows strength today:
I think the gap up will force some shorts to cover, which will push the market even higher. If the market stays strong in the following days, it will give valuable information for the intermediate term top I am expecting. Should the recent highs be reached fast and with weak breadth the descent will be dramatic.
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