FYI: We were bound to give some of it back, but even with futures suggesting a near 300 point decline at the open, that would only take us back to levels we traded at 30 minutes before yesterday’s closing bell! For bulls, the weakness at the open should actually be welcome. If yesterday’s buying was real money coming in, you would expect to see this morning’s weakness met with buying later on in the morning. So, that will be the test to watch for.
Regards,
Ted
https://www.bespokepremium.com/morning-lineup/morning-lineup-giving-some-back/
