A market event that is completely unpredictable and often without historical precedent. The sell-off on 2/27/07 would be considered a “black swan” event. By the same token the advance that followed it within three weeks pushing the market quickly back over the highs of 2/27 and much further could also be characterized this way.
ShadowTrader Twitter
Overall a bearish day as the gap did not fill fully and value clearly lower. Internals bearish but not hugely so.… https://t.co/LEPwJTP1PJ