Indices Struggle To Recover Monday's Losses
While today ended as a day for bulls to take satisfaction, there is still plenty of work to do to get indices back to the multi-year highs which were challenged last week. The losses endured on Friday and Monday were enough to drive technical breaks, but not all of these were undone by today's buying. The S&P managed to retain its breakout as buyers looked to defend its 50-day MA. Volume climbed to register an accumulation day as supporting technicals remained in the green.