Fed intervention got the squeeze going premarket but since the open all assets are trading down. Oil, spoos, gold, equities are all off their opening prices. So if you came in flat and bought the open that strategy has not worked across the board. If you bought the dips and sold the rip this am, you did well. Time will tell into the close. I would be more bullish if they can close the spoos over 1310 today. That leaves a lot of work for the bulls as sellers again have controlled this market since the open of the market @ 6:30 pacific nothing but sellers in sight. So we have had 2 hours of selling, volume is decent but price is dripping all am. See where they take em for the close.
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