Starting the Month Right

Can you blame me for being confused? Check this out: 

Can I get a "What the hell"? One day extremely bullish, next day extremely bearish, then now, extremely bullish again?! Let's hit it, Britney! ♫♪ "You drive me crazy..." ♫♪

Anyway, the market closed 42 points higher today. At some point during the day, it was up by as much as 65 points. I guess with the forced closings during yesterday's session, today's green shouldn't be surprising. But anyway, great way to start the month. ;) 

Hmmm...Well, we all know Mark doesn't know how to follow through. If you look at the chart above, the index has been swinging wildly...down one day then back up the next day (refer to the boxed areas). After a small bodied candle, it takes a dive. Since April, the market has done this two times with the third time happening now. If we follow the same pattern, tomorrow should be an uneventful day as far as the index is concerned. Then a nosedive should follow suit. :-? If I recall correctly, my deja vu scenarios have also been failing. Haha! So, I expect that the market will do something different this time. But let's assume Mark is guilty until proven innocent. :))