What Happened: Wednesday's trade built on Tuesday's response, establishing higher value in the S&P 500, but failed to negate Monday's end-of-day spike, suggesting initiative sellers remain in control. Sellers extended range overnight, auctioning into the high-volume area that corresponds with the October rally-high.
Market Commentary For 11/12/2020
Market Commentary For 11/12/2020
Market Commentary For 11/12/2020
What Happened: Wednesday's trade built on Tuesday's response, establishing higher value in the S&P 500, but failed to negate Monday's end-of-day spike, suggesting initiative sellers remain in control. Sellers extended range overnight, auctioning into the high-volume area that corresponds with the October rally-high.