For those that pay attention to the market, what happens 99% of the time we get an impulse move (ie a out of nowhere fundy driven [READ: PANIC] move)?
That's right, we tank then the next day make it all back up and resume original trend.
PS. Sorry for the elliot wavers, I have never looked into it but yesterdays candle is what I call an impulse candle. Same thing behind the EW's out there?