Overnight session likely spooked the shorts into panic covering... The next logical move should be down as the market always screws the majority before it goes their original intended way :).
Based on price action so far, this could develop into broader based selling... Lots of longs itching to book their "easy" profits. Betcha the BIG BOYS are aware and positioned accordingly (short).
I think the party is over for now...
Established short Russell swing trade (weakest index) and long volatility:
L TZA 14.96 (inverse ETF)
L UVXY 24.33
Target TBD.
I think you made a wise decision.
I took a loss today again...
There was some action after the FED minutes but I got chopped up early and called it a day shortly after the open.