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Category: Lee’s Free Thinking

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S&P 500 Futures Chart

Surprise (Not) Rocket Launch from Support – Stock Market Trading Setup for Tuesday February 4

S&P futures are bonering. They hit support yesterday, and surprise, surprise, the dip buyers were out in force. Well, not a surprise actually if you recognize that the Fed pumping $100 billion a month into dealer trading accounts permanently tilts the playing field. Doesn’t mean that the market can’t go down, just that it probably won’t stay down for long.