The boys are really trying to goose this rally in the SM, especially the Nasdaq, and create a nice short squeeze.
If this SM rally fails, it will spell even more problems. The 50 dma is about to cross the 200 dma in the $INDU chart – not good.
As you say, maybe the 12 hour cease fire is helping. Also, it could be that the Pentagon has rejected the offer of Poland to send Mig’s to Ukraine, or it could be that oil is taking a breather. too.
