Stock futures have returned to the pre-market highs of yesterday and stock futures are set to open almost 1% higher. Yesterday the morning rip was sold for almost half the day before dip buyers emerged to take the markets back to even.
We've had a tremendous rally off the February lows. The $SPY has rallied some $20, the $IWM has mounted a similarly furious rally. Today the market is pulling back and the question is whether this recent rally was just a relief rally? Or something more constructive to build upon?
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