All sort of price movements have happened in the past, and all sort of price movements can happen now. I think the S&P recovers now. Sucker rally or scaring away weak hands before the big push, I don't know. Either way markets really got moving, should trend now, I hope. If the US starts a trade war with Europe well buy and hold stocks or indices probably won't be the best, once the rally ends. But hedging markets will have lots (moderatly) of small opportunities I am sure. Tomorrow will be an interesting day.
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