Market opened with a gap lower and a classic close-the-gap move to the previous session’s low that was quickly followed by a steep sell-off that printed 886.36 is the S&P 500. From there the market managed a slow upward trend to end barely in the green. Volume was below average.

-

A very volatile session with all eyes on the developing Head & Shoulders pattern. The Institute for Supply Management’s non-manufacturing report was slightly better than consensus.

Filed under:
Market by LtPinback | Permalink | Share This