ES at 1880ish, SPY at 188.40s area. Anyone here who is entering new longs, raise your hand so that we can admire your courage.
If no one raises his hand, who are these new buyers and why are they buying?
They did that the day before yesterday and got hit by the gap down yesterday, they then shorted the gap down yesterday, which was a bottom with further losses resulting from the gap-up today. That's 3 to 4% loss following the trend.