Bounce not too encouraging thus far

Key Takeaways

  • 1%+ bounce for US Equities seemed encouraging price-wise;  Yet, breadth was negative and few sectors showed much strength outside Technology and Defensives
  • Momentum still negatively sloped (MACD) on daily charts, while RSI not oversold. Index prices have not eclipsed key areas which would suggest immediate gains back to highs
  • Ethereum’s Mkt-Cap Dominance breakout makes this one to watch into mid-December

Snapback rally for $SPX has lifted this to official “No-Man’s Land” w...

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