The start today was a little slow as traders waiting around during Fed testimony today. We traded back and forth until 1:30ET time when we created a nice Head and Shoulders inverse intra day and it was off to the races. A nice steady climb and we never looked back as we finished a few ticks off the highs of the day. Great day today as our swing from 755 ( funny actually was the breakout point of the H&S) recovered today and we are nicely in the positive.Going forward we need to see confirmation if this rally is for real. Is it just a one day event to work off oversold conditions or a change of character for a bounce in this market? Back late tonight with some market thoughts for tomorrow. Again great day and thanks for dropping by! Cheers!
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