Daily Wrap – Averages At Price Resistance With Another Strong Day of Trade. CTAs Buy Tigger May Have Been Tripped

Since a notable positive divergence in 3C Monday across the board in all averages and most important sectors, the stock market rallied for the third consecutive session. With today’s move the S&P 500 is +10.1% above its low close on April 8 (4,982.77), while the Nasdaq-100 is up +12.4% over the same period. Short-covering, boosted…