The shorts are being force to cover and once again the market closed positive for third day in a row.
Both, financial and Energy are leading. The SPX is approaching the 50% Fibonacci retracement 1940 which could create resistance.
Indexes rose for a third straight session, propelled by higher crude prices, on hopes that major oil producers will reach an agreement to freeze output to address the global oil glut and Treasuries dropped. The dollar fell against the yen after the Federal Reserve minutes showed the concern about global economic developments, while gold advanced