A gap down at the opening that was quickly closed to the previous day’s close followed by a bit of flagging and another sudden leg up followed by more flagging into the close. Volume was dismal.

S&P 500 Index 5min Chart

-

S&P 500 SPDRs 5min Chart

The market responded favourably to a surprising drop in crude oil stockpiles that might suggest an improving demand outlook.

S&P 500 Index Daily Chart

Filed under:
Market by LtPinback | Permalink | Share This