It's just institutional demand at the moment...wind in the sails. Half the market tested yesterday's close or major S/R right at that time, so buyers looking for a time to buy, bought....there were a lot of them.The open looked weak, but sellers seemed to evaporate at 10:06 EST and equities went straight up through 10:55 EST.
Does anyone have any ideas for a catalyst at that time other than BTFD buying coming in?
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