S&P 500 recovers 61.8% of the rout
Big technical level cleared
The part is definitely back on in the stock market as the S&P 500 rises 22 points to 2753.
The gain clears the 61.8% Fibonacci retracement level of the decline and points to a complete reversal.
The S&P 500 has risen every day this week and is up 5.1% with a few hours of trading remaining ahead of the long weekend.