Anyways, not unexpectedly we bounced very hard off the bottom of the gap and are consolidating intraday. I am very slightly leaning towards the market dipping back down again but not enough to take a position. I will wait until EOD to search for opportunities. It is also possible that this spike was part of an upward breakout in SPY's descending broadening wedge. If we print a hollow reversal candle (which we are now), I may take a small long position but I have no plans sticking my hand in this blender intraday.
SPY and VIX currently posting reversal candles