Here’s what needs to happen to think SPX is “Out of the woods”

Monday’s 2% rally helped recent stabilization attempts gain a bit more traction, and breadth expanded to about 6/1 bullish all 11 sectors experienced gains. 8 of 11 sectors finished up more than +2% on the day, and REITS and Technology rose the most, while Staples and Energy lagged.  However, as seen on daily charts below, this recent strength over the last 2 of 3 sessions has not been sufficient to break either the one, or two-month downtrend, so ...

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