The new highs in the market developed without a confirmation from the market's breadth last week. That's a very tricky situation which warrants a detailed trading approach. So now, it's all about whether COVID slows the global economy once again and whether the Fed decides to increase QE. The algos seem to be betting on the latter. Those that blinked last week missed yet another buy-the-dip opportunity. And, although that may be adding salt to wounded trader pride, by now we should expect the unexpected from the algos. In fact, if you're looking to find a plausible explanation for the violent upside reversal ... (full story)