Markets are somewhat higher at the mid-day, with the S&P500 finding resistance at Floor Trader Pivot R1.  Internals remain supportive, perhaps we challenge yesterday’s highs at $132.75 at some point during the p.m. session.

Whatever you think about CNBC, it’s inevitably a part of many traders’ lives, rest in peace Mark Haines.

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  2. Another V-Shaped Bounce Shaping Up
  3. 12.09.09 – Hard Go at Stabilization
  4. Much Ado about Nothing
  5. 05.11.11 – SPY Fails S1 / Attempts S2 Stabilization