5/3/2018 Daily comment: " The door is open for the bulls to rally back - we'll see what happens."
And rally back it did, with huge hold of long term support levels:
SPY D200MA hold, along with 1HP the prior day; also above MP
QQQ convincingly back above all pivots
DIA D200MA hold, along with 1HP the prior day; also above MP
IWM was already above QP and MP, lifted above WP as well - above all pivots on all timeframes
NYA back above HP and D200MA slightly, test and hold of YP the prior day
Bulls will want to see SPY join QQQ and IWM above its QP next week, but let's be clear - huge bull win on Friday. As usual more on the blog over the weekend.