Market Bounce Attempts To Firm Lows
Buyers made a return to markets before heading to the polls. There wasn't a whole lot of volume to today's action but it was enough to mark the action of the previous few days as a possible swing low. The S&P was one of the stronger indices in its reaction off support. However, it now finds itself coming up against resistance of its 20-day and 50-day MAs. On a positive front, there was a 'buy' trigger in On-Balance-Volume, albeit a weak signal from a flat-lined trend. Relative performance was skewed heavily away from Large Cap stocks.