Just a quick note on the rally in stocks. The SPY ended yesterday's trading day with a bullish (last) engulfing pattern. This is usually a positive occurrence at the bottom of the trend, but it can suggest traders are jamming the market to get out of positions at the top. This is also worrisome considering the volume the market is trading in to is just not enough. The market looks like it wants to rally, according to premarket futures, but I would caution to watch the price/volume dynamics to gauge if the trend is ending.
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