The market took a little corrective bounce this morning with the $TRIN trending down and the NYSE Advance - Decline Line trending up from yesterday. However, the market is still in bear mode overall.
The Consumer Staples, Financials, Health Care and Technology Sectors were the strongest this morning. Not a raging bull, but a corrective bounce.
The ES Futures traded mostly above the 0930 ET open, bouncing from the open to the +Average Nearest Daily Range Extreme, and the +1 and +2 Standard Deviations. A Narrow Range morning, which is typical following a Wide Range Day.
Charles
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