Ripping It Into The Close

by Chris

While the headlines are going to note some carnage in the markets today, keen observers will note the super powerful “nothing but buying” for the final 25 minutes that really stemmed the worst of it.

Nearly 20 points of losses erased from the S&P 500 in those final few furious minutes.

Looks to me like “they” were gunning for the 200 dma while also painting a nice nipple bottom.  Did the algos “get the message?”

Only time will tell.

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