Good morning. S&P500 futures are higher this morning, following a strong showing yesterday for the indices. Is this just a relief rally with more downside on the horizon? Or is the bottom of this most recent pullback already 'in'.?
Late last week I wrote about a short term pull back scenario with the $SPY coming down to the $287s. . Trumps Sunday night tweet provided the push for that pull back with S&P500 futures plunging over 1.5% heading into yesterdays session with $SPY hitting those $287s before embarking on a strong recovery.