S&P 500 continued extending gains no matter the sectoral non-confirmations – the momentum from bonds had been enough as telegraphed both in yesterday‘s analysis
S&P 500 bears proved they hold shorter end of the stick, just like I warned early in the European session yesterday, and my aftermarket conclusions confirmed that.
S&P 500 bears missed a good opportunity, and couldn‘t keep pressuring even only NDX. While banking is getting less in the headlines, it isn‘t turning up either.
S&P 500 had just one bullish ally, Russell 2000 – and that‘s not enough. The dust in financials hasn‘t yet settled, and Treasury yields are likely to decline today.
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