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- Conflicting Poland reports put a bid back into Wall Street, S&P 500 pops
Conflicting Poland reports put a bid back into Wall Street, S&P 500 pops
A Polish reporter was quoted on the blasts tonight:
''My sources in the services say that what hit Przewowo is most likely the remains of a [Russian] rocket shot down by the Armed Forces of Ukraine.''
S&P 500 M15 chart
The stocks are rallying on the relief of the prospects that this is a false alarm. Nevertheless, markets will be on the lookout for the outcome of official confirmation from the Pentagon, Polish, and Hungarian defense committees. The S&P 500 is technically in the bearish territory while on the back side of the broken trendline and while below the resistance as per the drawings above. A close below 3,955 will be significantly bearish.
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