With the exception of the NYSE, yesterdays gains didn't turn associated index stochastics overbought, preserving some leeway for further gains.
McLellan Oscillator bullish
Although the TICK is overbought
Will the market view the Fed rate cut in a more negative light? Has the Fed shot its last bolt? How markets behave around their 50-day MAs will be telling. I still think there is more juice to this rally as breadth indicators, while neutral, are nowhere near overbought - even by (new) bear market standards.
Dr. Declan Fallon, Senior Market Technician, Zignals.com the free stock alerts, market alerts and stock charts website