Option Investor
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We've got a strong bounce off this morning's gap-down open so we clearly had some eager buyers ready to buy that dip. This being April 1st there is probably a fair amount of money coming into the market for the start of the month. After a very bullish March I'm sure there are many people adding money to their stock funds, either directly from new month contributions or from rotation out of cash and into stock funds.

For now I'm watching the downtrend line from last week through yesterday's high, currently just above SPX 806. If there's to be another leg down, vs. another rally leg shown in pink on this morning's 60-min chart, that downtrend line should hold.

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