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Let's see... Dow was down about 30 points at 10 a.m. New York time... an hour later it was UP about 45... the S&P futures were down 3 and change at 10 a.m. NY time... an hour later they were up 7.25...
Intraday 5 minute chart
Hmmm... now what changed at 10 a.m. to make the market reverse like that?
Maybe oil dropped hard?
Nope - my screen tells me that oil started dropping after the market started to reverse up.
Maybe the US turned back into a Republic? Not even in your dreams, pal...
Now the real test is if the market can hold even half of these gains between now and the close. 1194 is resistance.
