In today’s Chart of the Day sent to paid research subscribers, we take a look at the “Smart Money Indicator,” which suggests that the “dumb money” trades at the open while the “smart money” trades at the close.  In the report, we highlight the average path that the S&P 500 has taken throughout the trading day so far in 2016 to identify when selling or buying is occurring.  A fascinating trend has emerged this year.

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