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Upside Reversal Day — Will The Momentum Continue?

TedTed
in Fund Discussions
FYI: S&P 500 futures were higher prior to the open this morning, but things quickly turned south once the market opened for trading. At its lows this morning, the S&P 500 was down 1.2%. But afternoon trading brought an upside reversal, and by the end of the day, the index closed higher by 0.61%.

So what might today’s upside reversal mean for trading in the coming days? Does the positive momentum seen into the close today continue into the days ahead?
Regards,
Ted
https://www.bespokepremium.com/think-big-blog/upsidereversal/

Comments

  • Desota
    I sure hope so....I'm tired of all this negativity.
  • PRESSmUPPRESSmUP
    Desota said:

    I sure hope so....I'm tired of all this negativity.

    Negativity? Frankly, I don't see that at all in term of market performance.

  • hank
    edited July 2015
    Depends which markets you're looking at: GSCI -36.43% 1 Year

    From Bloomberg: The S&P GSCI® is widely recognized as a leading measure of general price movements and inflation in the world economy. It provides investors with a reliable and publicly available benchmark for investment performance in the commodity markets.
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