Heavy buying can only be taken as a positive.
Any rally from here would also trigger short sellers to cover.
But what’s really appealing is the Technology laden Nasdaq perking up with relative strength.
Any real rally needs a driver. Tech would be ideal as vehicle to pull the broader market forward…
And where the Nasdaq has poked above the all important 50-day moving average, the S&P 500 and Dow 30 have a little work to do here.