We finally had an oversold bounce after a poor open. But for two days straight, the S&P 500 had a swarm of sellers showing up in the last 30 minutes of trading. Are traders uncomfortable about carrying positions over night? The S&P 500 is still below its 50-day simple moving average and in need of a spark to continue the bounce. Perhap end of month and new month seasonality will provide some catalysts.
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