The major indexes appear to be on the Bullish track after noting in a badly needed heavy up-volume day Monday. We’ll expect to see a pause, or perhaps some tease of reversal as they come in to their 50-day moving averages (red line.)
Breakouts of top names are happening.
But what we really need is a strong move of at least 2% up in a major index to really feel better. Without that, we may be looking at short setups.