If yesterday's low holds over the next three to five sessions, Deron Wagner anticipates a four- to six-week rally in the S&P 500 with the possibility of a move back to the 200-day moving average.
The stock market indices had yet another turn-around Tuesday, especially in the last hour when they took off and exploded. The incredible amount of pressure and short covering in the last 45 minutes to an hour was astounding.
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