There is a bit to it but can not really elaborate ATM.
In short
The Dow pulled back on the back of job report, which was expected.
Shorters would be nervous taking out positions as market has bounced strongly from here previously.
Buyers would be scoping out stocks that they missed on the previous bounce.
I also feel that the inauguration will be a positive for the market that is 7 days away.
There is more but am busy ATM sorry.
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