Nice Bounceback

from yesterday’s drop. The markets are above the VWAP from the March 10 gap and it appears the bulls aren’t quite ready to roll over and die…yet. If you have been trading long this morning, it looks like a good place to tighten stops just below the 5DMA and then monitor the 1 minute charts for short entries. Failure to push up through the 5DMA could lead to a bigger break lower on the next test of the VWAP on these charts.