SP500 Mid-week Update: Europeans Buy the Dips, US Sells the Rallies

n recent weeks, the Europeans hated the SP500 and US investors loved the SP500. The switch has been flipped. Overnight on Tuesday and Thursday, at 3 am and 2 am respectively, the European investors bought the SP500. US investors hated them after 915 am on both Tues and Thursday. Note however, that its 12 pm on Thursday and the SP500 just tagged 1297, the same price it tagged on Wed afternoon at 1215 pm. This is a short term bullish inverted head and shoulder occurring at same time of day.