Today's was just the 5th time in $SPY's history (since '93) that it closed higher by at least 2% after opening down at least 2%.
SPY fell the next day 3 of 4 times, but it was up over the next week and month all 4 times.
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Sentiment. Cash flows are coming in. Institutions are setting buy
Algorithms at certain bottom prices. That’s why Thursday happened. Stay invested and don’t look at Net worth