So far today we’ve seen a pretty nice follow through on top of yesterday’s monster rally.
But rallys have tended to be powerful and short lived of late.
The question on everybody’s mind is: Will it hold?
On that score, the close today is going to be very important. If we can hold these gains, that lays the foundation for moving even higher. If we can’t, that is a kind of tell that this move too lacks conviction.
On this, see also Bob Pisani “Will Rally Last?”, TraderTalk, 10:05am EST.