The bombing from Iran last night was initially thought of as another war in the Middle East. However, it then became apparent that it was just a face-saving strike. (This is a war game staged for reality TV and social media.)
So traders eagerly bought the dip from overnight all the way into end of day today. This is what happens when you have the Fed steadily pumping liquidity into the system, papering over all manner of sin. There's so much money sloshing around looking for any dip to buy.
The full article covers:
Market Internal Indicators
Short-term Support & Resistance Levels
Market Projections and Planning Your Trades
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