The market had its short-squeeze continue today. The Nasday and Russell 2000 retook their support lines. I have a downtrend line drawn for crude only to show the current downtrend still in place. Crude hasn't even reversed that short-term trend with the big gains the past two days. BTC should follow the stock market higher, but for now it still hasn't confirmed the move. Going back to November, the market hasn't managed to string up days together. There is only one stretch of three days on the Nasdaq. What could tomorrow bring? Who knows! Could be another large rally or it could reverse all the gains the past two days and make new lows. VIX is very "undervalued."
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