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Editor's Note: Below is a chart and excerpt from today's Early Look written by Hedgeye CEO Keith McCullough.

CHART OF THE DAY: Bear Market Bounces - zbaba

Are you a chaser or a fader? Do you get excited when your screens are green? I do. We’ve seen some epic selling opportunities in the last 3-4 months in the US Equity market. In parts of Asian, EM, and European markets, we’ve seen them for over a year now. 

There’s self-similarity to big-short-term bounces to lower-highs on decelerating volume in bear markets.

CHART OF THE DAY: Bear Market Bounces - Chart of the Day