A huge gap up and some profit-taking in a day that sees the market attempting to hold onto the Sunday night gains.
For now, the market looks fairly strong, back above the 200 day moving average and in effect removing the Bear market warning. That of course could change fast.
Certainly rather over-stretched, with the possibility that too much too soon may trigger some strong selling in the days to come. The 2760 level remains a key level to defend if the market is to stabilise and move higher into the end of the year.
Be prepared for whatever is coming next, and trade with confidence:
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Disclaimer: This is the diary of a personal trading system, its methodology and the signals that it is producing. You are welcome to follow along but please understand that the information presented here is for educational purposes only. No recommendations are being made to buy, or sell stocks, options or futures contracts. Please consult your own financial advisor before making any investment decisions.