so far a typical huge gap down then sharp reversal up day. bears as usual, useless.
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Maybe, maybe not. The 'easy' portion of the SPY rebound (not that anything in the market is ever easy) is over. Now price is running into multiple days of "overhead supply".
Many sectors are up in the range of 0.3 -- 0.7% from the Open.
This has cut losses to levels which might well be thought typical of a seasonally weak period in August. Meaning maybe the N.Korea angst has been squozen out, and thus the rest of the day will be more typically "late-August".
So Nanex says at 10:43:35 "someone" bought 6,000 S&P futures contracts.
Hint, it wasn't me. Bears can not take on Swiss National Bank in anything resembling normal trading. BUT when it gets exciting the Central Bankers cannot sweep back the sea.
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