As much fun as waterfall plunges are, it makes sense that the market bounced strongly off its lows on Thursday. The Invesco QQQ Trust (NASDAQ:QQQ) hit multi-year support based on its trendline.
And the S&P 500 futures futures pushed a little below their major Fibonacci retracement level, only to bounce higher. This is unsurprising.
I took SOME profits here and there, but only a few nibbles. I am, on the whole, still fully committed.