Technical Analysis:

Big day for S&P 500 (SPX) as price broke out of its 3-day doji-range and pushed to the upside.
SPDRs S&P 500 (SPY) saw its volume drop for a fourth consecutive day and fall below recent averages.
The 5-day moving average continues to hold strong for SPY as it has tested and bounced each time it has been tested the last three days.
Another similar push higher to what was seen yesterday will push SPX to new all-time highs.
Nasdaq (QQQ) stocks showed signs of recovery yesterday. As money flowed out of defense and into big-tech.
The bounce in SPX and all the other indices minus the Nasdaq, are showing similar charting patterns to the Brexit bounce. I expect that trend to follow, with a second leg up and consolidation there after.
CBOE Market Volatility Index (VIX) testing the rising trend-line form the August lows. – This area has held perfectly throughout the duration and could lead to another sell-off in equities.
United States Oil Fund (USO) is sporting a bullish island reversal yesterday.
SPX broke out of a triangle to the upside on the 30 minute chart yesterday.
Following seven straight down days on the Dow Jones Industrial (DJIA), it has now managed to rally 7 straight days. A rare phenomenon.
Poor breadth continues to dominate this market over the last five trading sessions, with yesterday being the first day that the advancers definitively outpaced the decliners.

My Trades: