After surging upward at the open the cash S&P500 then turned right around and tumbled below last Friday’s close. This price action caused an “outside” price bar to form on the daily chart.
Besides the volatility there was not much of note in yesterday’s session. I am still waiting to see how the “corrective” action from the August 11 high plays out. Since I won’t be able to post again until Monday I will leave it at that.
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