Week of April 6

Just a dead cat bounce or something more.

Recap of last week

We called for a very large squeeze last Saturday to the 6550-6600 area.

This was on the weekend when ES last traded 6400, we called for the JPM short put strike to be squeezed OTM which would result in a huge rally.

Thats exactly what happened.

Thats the move given, the direction given, the exact time given.

And thats the trade given.

We called for this monster move 3 days before it actually happened too.

To top it all off, on Thursday we shorted the HOD.

So we got a huge bounce last week, SPX gained about 3% open to close. Is this just a technical bounce in the downtrend or something more.

Next move for markets