After closing down yesterday right at a point with multiple pivot supports, we are looking for a bounce back to the upside. Should come through for us as investors have a lot of cash on hand as we have discussed earlier, and there is a large buy the dip mentality going around right now...

BTC still slumping a little bit sitting now at $38.4k. If we are right and the market does bounce up, then we should likely see a little move to the upside for bit coin and some of the crypto market as well.

A quick trading tip for you technical analysis minded traders out there, when looking at trends, a move usually consists of 3-5 candles of the same color before it switches to the other color for either a pullback, consolidation, or change of direction. Very rarely do stocks continuously put in trends with 6-8 candles in a row, something to keep in mind so you do not take over extended trades.

Some stocks we are watching today include SCCO, UPST, ETSY, and LMND.