The anticipated reversal got delayed a day. The good INTC report and the tame PPI got hammered by the horrible 10% decline in housing starts in a month and the drag from IBM. This is what unfair weighting would do to the index. Luckily, it was a V reversal in the afternoon. It closed above the daily pivot 719. The numbers for tomorrow are 724r1, 719pvt and 714s1. There is a good chance that it will hit 727ish in the near term.
2c
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