The S&P 500 paused to digest gains after launching higher as expected following the appearance of an Inverted Hammer candlestick. Prices recovered to within a hair of the 2000 figure in a mere two days having dropped to a 10-month low above the 1800 threshold from a range just below record highs in only four sessions. The rapid see-saw swings made for the most dramatic volatility since late 2008, when markets were gripped by the global financial crisis. Near-term resistance is now at 2018.50, the 61.8% Fibonacci retracement. A daily close above this threshold clears a path to test range floor ... (full story)