I may be on vacation, but I’m still keeping tabs on this market. It was one very impressive day. Keyword in one. You cannot make a trend up, down, or sideways with one day. As you can see below in the S&P 500 chart, I believe that $1340 to $1345 we be key to break through and hold. Today we did create a pivot low which is a very good sign for a reversal, but I will not bet on just one day. I think we will have to watch it the next few days to see if there is any substance to go with the push higher.
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