Opening Rant
The machines run wild like a herd of buffalo, and yesterday was no different. The equity market was down yesterday pretty much across the board. Then, suddenly, around 2 p.m. the S&P 500 (SPY) seemed to suddenly bounce around the 2128 level and moved up to close 10 points off the low at 2137. Sorry folks, but the machines are in charge, with very little if any help from humans these days. Why else would the S&P 500 suddenly stop at 2128 and sharply turn? I'll show you.…
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