What Happened: During Thursday's regular trading in the S&P 500, market participants lacked conviction to break above the initial balance, which lead to a liquidation that found buyers just above Tuesday's excess low. Alongside news that president-elect Joe Biden cemented his Arizona victory and U.S. states began reimposing COVID-19 coronavirus restrictions, buyers cautiously extended range overnight, auctioning toward the upper-end of the three-day balance area.
Market Commentary For 11/13/2020
Market Commentary For 11/13/2020
Market Commentary For 11/13/2020
What Happened: During Thursday's regular trading in the S&P 500, market participants lacked conviction to break above the initial balance, which lead to a liquidation that found buyers just above Tuesday's excess low. Alongside news that president-elect Joe Biden cemented his Arizona victory and U.S. states began reimposing COVID-19 coronavirus restrictions, buyers cautiously extended range overnight, auctioning toward the upper-end of the three-day balance area.