Quiet day for once, considering what we have been through for the past week and a half. Buyers were looking for the inevitable “dead-cat” bounce, while shorts were trying to figure out whether they should sit on the gains from yesterday and last week and hope for more, or whether to “know when to walk away” and cash out with their earnings. Tomorrow will likely provide some indication of such.

Here’s the Nasdaq and S&P charts…

NASDAQ

 

S&P

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