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The SPDR S&P 500 (NYSE: SPY) staged a reversal to the upside beginning immediately after the European markets closed at 11:30 a.m. EST. Even though the SPY gapped up 0.80% over Monday’s close, the price action prior to the close of the European markets was shaky, which allowed the SPY to almost fill the lower gap.
...read full article on Benzinga
