Can we hold the gains today? That's the big question on the minds of traders today, who have rightfully become suspicious of rallies — like the one yesterday — when there is no follow-through.
They have reason to be suspicious.
Lowry, the U.S.' oldest technical analysis service, noted that there have been several recovery days with no follow-through recently. For example, the market had a 90 percent upside day on May 10, but rolled over 3 days later.
May 17 and May 21 also were strong days that had no follow-through on subsequent trading sessions.
We have not put together two up days in the S&P 500 in almost a month.
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