Berkshire Hathaway’s $5 billion investment in BAC gave us a good pop but the resistance area from last week’s massive sell off, a surprise flash crash in Germany, and overbought reading under the 200 day moving average caught up to the bulls. However this lower’s the bar for Ben tomorrow and maybe bullish. Option are pricing in some gloom as the SPY $111 weekly puts was still trading at $0.20. Mid 115 on the SPY or 50% of the recent bounce could offer decent support tomorrow.
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