My own tortured reaction in the comments section during the throes of this “war” seems to have been prescient:

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My own tortured reaction in the comments section during the throes of this “war” seems to have been prescient:

The bear side was obviously having issues yesterday afternoon when declining resistance from the high broke after the 1834 low. An IHS was forming in the afternoon with a target in the 1864 area on an RTH break over the 1850 area, which it seems safe to assume we will see at the open. This is best shown on the SPX 1min chart I use for intraday trading. SPX 1min chart: (more…)