FYI: Sellers slammed the market in the first hour of trading this morning, but they ran out of gas quickly. At 10:21 AM ET, the S&P 500 was down 1.54%. From that low point in the day to the close, the index rallied more than 1.6% to close higher on the day. You can see the huge move lower followed by the upside close in the six-month candle chart of the index below.
Regards,
Ted
https://www.bespokepremium.com/think-big-blog/huge-upside-reversal/
