We saw this exact price action last week. We identified the supply and demand zones from yesterday and pre-market. I told myself I knew it was going to go down, but I thought it was bears trying to get out and bulls taking over.
Fed harker came out and said some not so bullish information.
Right now the market is trying to recover, but I doubt we will see a big swing up back to the open. Unless the next speaker has some bullish news.
My next position is going to be long depending...