Last Friday at 3:37 PM I warned my subscribers that the rally looked fake:
“This structurless wild rally in RTY futures looks 100% similar to what ES painted before open on 1 May 2019 driven by AAPL report. The next morning it dropped hard. I have the very same count. I count this move up as a corrective wave b up that is allowed to make a higher high over preceding top made by an impulsive move u in a structure called an “expanded flat”
This is the second time in a week the market wanted to screw me with those unexpected rallies. And the second time I did manage to read that bluff.