Wild Ride...But No Winner
Markets went one way, then the other, but in the end it was only a small loss. Volume climbed to register a distribution day, and technicals for indices gave up whatever residual bullishness there was, but price support remains in play. The S&P tagged the rising trendline, but finished below the 20-day MA. The wide range day makes it more difficult to offer guidance for tomorrow, although edging towards the bear side is probably the more likely outcome - but given the events of today, anything is possible!