Bank of America today says their brokerage customers bought the dip and corporate clients stepped up buybacks back to the December levels, especially technology companies. So I apologize publically to the Swiss National Bank for saying that the (from memory so I am off some) 61 billion dollars they have in US equities was used to prop up the market.
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Yesterday was a pretty similar pattern. Long workup, a spike bar at ES 2360, then down the rest of the day. Yesterday it was 14:47, today 15:11 and the approach was a lot more gradual. If we see-saw in a range then sell into the close the pattern will be replicated. Not that things are ever that easy
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