As the ES Futures was testing yesterday's low, the $TICK was making higher lows.
In addition, the NYSE Advance - Decline Line was much higher, and $TRIN was lower, which indicates buying at the new low.
Also, the Sector Analysis Indicator was showing that the 15 top weighted stocks in the 8 SPDR Sectors was off their lows.
The net result was a substantial bounce off yesterday's low following the test.
Charles
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