(Reuters] – Stock investors are cautious of buying stock ahead of Federal Reserve announcements, which will be made later in the week. The market has not seen a rare rebound since Monday and there have been no indications that they were more concerned about their outlook.

Wall Street reversed a sharp sell-off Monday and closed higher today thanks to retail punters, options-related flows, and volumes that were the most high in nearly a year.

According to Vanda (NASDAQ.) Research data retail investors invested a net $1.36 million in U.S. stocks. This is the largest amount since Jan. 18, 2016. It suggests that dips are still attractive to buyers. However, the ProShares UltraPro QQQ short ETF was among the five top products that saw the highest net inflows. This suggests a certain degree of caution.

Keith Temperton from Forte Securities said that selling will be a common strategy when the market rallies.

You might not see the same turnaround rally as yesterday but there are many options to protect your assets. Although this helps lift the market out of its lows, it doesn’t mean that anyone will want to be covered for a future selloff.

It has been a difficult start to 2015 for markets. The market’s value in tech-heavy stocks was nearly $3 trillion. Investors sold tech stocks to believe that Omicron coronavirus will not be as severe and the Fed will increase rates aggressively. That will lower valuations.

Investors believe the Fed will signal Wednesday that they plan to increase rates in March. It is likely to tighten policy since it has slashed borrowing costs nearly immediately after the coronavirus pandemic, which occurred almost two years ago.

After a brief drop of more than 10% on Monday, the U.S. broad index recovered to finish with losses close to 8% year-to date. [.N]

Citi data about investor positioning shows that bearish sentiment has surpassed the tech counters. U.S. stock short positions on the are now at $34Billion. This is almost 1.5 times more than long bets.