A two-day pullback has become a generational buying opportunity for this market. 

You can’t get any more than that without a rip-your-face-off rally thereafter. The dip buyers, the algorithms, the Robinhood Bro’s – the only thing they know to do is to buy the dip.

No volume, no problem, they thrive in this environment, and until we see volume return to somewhat of a level that was seen during late February and much of March, you will not see this stock market sell-off again. Ever in fact. 

That doesn’t mean we won’t ever have a sell-off again, because we will, but without volume and substantial amounts of it, you won’t. After the first 30 minutes of trading every day, you can actually tell whether the bears have any shot of selling this market off, absent of bad news. Low volume reading, it is almost certain to go higher. Gap lower, almost certain it will be bought up starting in the first 30 minutes. That is the trend for now, and I will expect the same going forward until proven otherwise. 

So while we are still in a pandemic with much of the economy shut down and the worst unemployment numbers ever, expect the market to remain bullish, until it can sustain a sell-off for more than two days (something it hasn’t done since March 9th), and add some volume along the way. 

Here’s my watch-list of short setups I am following: