Hickey and Walters (Bespoke) submit:
After failing to hold the level in October and then correcting by over 6%, it shouldn't have come as too much of a surprise that today's opening rally was met with selling shortly after the S&P 500 broke above 1,100. With breadth and new highs not yet confirming the current run, some sideways trading before any meaningful run through 1,100 might be in the cards.
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