What looked like inventory trolling / an attempted gap play found huge support at the daily pivot where strong buying took equities well past their respective five-day moving averages/ first resistance levels. Internals are very strong even as we pause here at the S&P 500's ten-day moving average. If we can hold near the five-day (say $107.85), I put the next upside target at SPY $108.70-109.30  for later in the week.
12:45 Update: News is whip-sawing this market heavily, hedging gains here. VWAP holding for now... crazy stuff.
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