The bears are not going to be happy with that closes as the ES ripped about 8 points off the lows in the last and most important hour of trading-
SPX closed -8.6, NAZ -24 and the DJIA -77.
Strong sectors- junk, defense, banks, drugs and fins while gaming, energy, ags, semis and retail lagged.
NYSE- 1300 net losers;
NAZ- 1500 net losers;
NDX- 12 GREEN;
SPX 77 GREEN;
VIX - down 1.25% at 24.4;
TRIN 1.54 with down volume about 4x the up.
Bears not gonna be happy as the market rallied pretty pretty good in the last few moments of trading- I suspect most traders are looking for a nice bounce on Monday - so why not start early and buy today.
RSI 2 on SPX 39 which is about as low as it gets of late.