Waiting to see if we can get a signal to backfill yesterday's impulsive move higher. The catalyst was the announcement that Elon Musk had a 9.2% stake in Twitter.
There is also now another 10bln being put into the US economy due to an agreed stimulus bill.
The algos do not like leaving areas un-tested, so I am looking for them to come back down and fill the imbalance.
Otherwise we take out the swing highs and surge on forwards as stops get taken.