The S&P 500 closed higher, as tech continued its rebound and reopening stocks rallied amid easing pandemic restrictions as Covid-19 cases in the U.S. hit their lowest since the pandemic began.
The S&P500 rose 0.99%, and now is just less than 1% below its closing high of $4,232.60. DJIA added 0.55%, or 187 points, and the Nasdaq Composite climbed 1.4%.
The market rallies in the last two days still hint for a short term trend shift to the upside. Look for attempts to extend rallies, but trade will need to post a close over 4197 to attack the previous swing high peaking levels. Be careful for secondary dips and congestion just under 4179. A close under 4142 is bearish and suggests a selling wave to new lows and possibly 4079.