After opening on the up side, trading sharply lower, the market have now rebounded back to the up side and are trading at their highs for the day. One explanation for all this volatility is option exportation for December which will be next week. There is a lot of open interest on the 1400 and 1415 S&P calls so those ares will most likely act as magnets for the time being. Should the market hold on to todays gains, the system will give a buy signal for Monday.
Lets see what happens.
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