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Originally Posted by coolhand

The bulls turned it right back around after Tuesday's decline.




In fact, price on both charts closed at a higher high. Looking at the S&P 500, we can see that price is snugged up just under the 200 dma.



Breadth remains positive (bullish).

I suspect that a test of the 200 dma is coming soon. Perhaps tomorrow for the S&P 500. That

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Stocks were doing just fine for most of the day yesterday and were hitting the highs of the day with about an hour to go in the trading day, when another Moderna headline reversed everything. The Dow ended the day down 391-points, the S&P lost 1%, the Nasdaq led with a modest loss, small caps lagged, and bonds were up.

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