March 9, 2021, 11:30 pm EST
It was a rebound day from beaten-down technology stocks that Nasdaq gained +464 points to 13073 or +3.7% after several weeks of sell-off. TSLA recovered near +20% and AAPL also got back +4%.
It could be up another few days but our view is still pessimistic due to its low volume. In other words, it is simply an oversold rebound.
Therefore, it is important to watch closely when bulls are exhausted that bears may be back to attack again.