The S&P was able to close above it 200-day MA, but technicals didn't manage much improvement. Can Large Caps lead out? The S&P is showing a relative gain against the Russell 2000, and will soon take out its relative reaction high from July; making it an index leader
The Nasdaq enjoyed a more powerful 1-day rally, but it's a long way from even its 20-day MA, let alone the 200-day MA. The 20-day MA will be its next resistance test.
The Russell 2000 finished the day with a 'Death Cross'. despite the rally. There was a slight improvement in technicals, but supply can be expected to kick in at its 20-day MA.
Tomorrow will probably see some easing, but a swing low test will be need to confirm a market bottom.
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