Midday Update: 2023-10-10
Early morning squeeze but a quick move down after news
S&P 500 futures were stalled against 4377.00 pre-cash open. After the market opened and started to break above 4377.00, short covering kicked in and the market pushed steadily to the next resistance area composed of the 50% retrace of the recent low to early September high and the 1x1 extension up from the low. I think the morning high could be a possib…
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