Industrials, Consumer Discretionary joining Financials in strong bounce

Near-term trends are bullish for SPX, and the extent to which both Industrials and Consumer Discretionary have begun to turn higher to join Financials looks to be a short-term positive for Equity indices. Tuesday’s minor “back-and-fill” down to fill the recent gap in SPY wasn’t damaging technically, and the snapback rally, which began following Fed Chair Powell’s comments, coincided with some breadth expansion. As d...

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