Why did markets reverse before the opening bell

Very early today the market reversed on a dime after the ECB made their non announcement of their interest rate announcement.On it's face, it was a sell the news event. Next week we have the Federal Reserve (FOMC) announcement which will be met with a lot of fan fair.From a chart and technical perspective, the market remains in an uptrend.Should traders and investors be worried about the new highs made yesterday and a close back below? Not yet, the market is still in an uptrend.In tonight's episode, we'll cover all the relevant markets, their charts from both a short and long term perspective. We'll look at the Transports, IWM, SMH, Financials and more... Hosted on Acast. See acast.com/privacy for more information.