Here's a more nuanced version:Above is a condle volume chart.In...

Here's a more nuanced version:

Above is a condle volume chart.

In the early stages of this rebound, there was plenty of optimism with big volume on the positive day Friday, 6 October.

In the past week, on STW (an ETF tracking XJO), volume has been light. Suggests that the initial optimism may have been misplaced.

2-Day EMA of Force Index (FI includes direction, range and volume) shows a negative divergence from the chart of STW. i.e., less support for the upside movement.

It looks like a dead-cat to me - but nothing is certain in the markets.

It may be that when Israel begins its land based incursion into Gaza, we'll get a big rally because the end of this devastating war is near its end.

(Remember what happened when U.S. and Allies invaded Iraq.)