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Originally Posted by coolhand

The bears made an attempt to take the market down today, but it was quickly countered by the bulls. Price bottomed after the 1st hour and recovered to close mixed on the day.




There isn't anything particularly notable on the charts today. Volume was actually average given the holiday week. Normally, I'd expect less volume. Momentum is still negative on the S&P, but price remains not far from the peak.

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Stocks had a wild ride on quadruple witching Friday where many options and futures contracts were expiring, triggering a spike in trading volume. There was also index rebalancing going on, plus Tesla was being added to the S&P 500, so it was quite a day. Yet, after all was said and done, stocks closed mixed with modest losses (and some gains) in the various indices. The Dow lost 124-points while the small caps managed another gain.

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