After a market crash, an aggressive next-day bounce is vital. That’s how you know if a bottom is likely in or not. When the bounce is weak, on the subsequent pullback, traders who longed the blood will puke it all back. When the bounce is strong, on the subsequent pullback, dip-buyers and FOMO-longs are more likely to dominate. So the strength of the bounce dictates whether the market views the dip as a trap"or an opportunity. This is Reflexivity in action.(Alex Krüger)