Global futures are on fire this morning. As a matter of fact the Nikkei managed almost a 6% advance overnight.
Crude is catching a bounce and is up more than 5%. That helps.
As is the case when markets hit extreme oversold levels, the shorts will be taken out in body bags. The bulls now have a shot at the wheel. Its anyone guess for how long, but a move to SPX 1950 is certainly doable here, before we go down and retest recent lows.
Long TQQQ, UPRO, SVXY, LABU and short SCO
Enjoy the action.
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