It’s logical to believe we need a period of rest before the next big trend wave, higher or lower.
But an outlier would suggest a selloff on weakness and rally on strength.
But narrow action is likely on Thursday, ahead of Friday's non-farm payrolls report.
The release of Fed minutes on Wednesday could be a market mover.
Expect committed buyers to win the battle and lead major indices higher.
Market players are digging for new tradable themes.
Look for a day of odd trading on Friday.
Bearish action in the energy pits put a damper on blue chips.
It could pour water on bullish sentiment into year’s end.
Today's opening pop ended with a divergent tape that brought a high on the Dow and red to the Nasdaq.