Meanwhile the 200-day moving average and that key 4300 resistance level loom overhead.
2. Short-term Market Breadth: As of Friday, about 90% of the market is back above their respective 50dma (up ferociously from almost 0% back in mid-June).
Bulls will note that this turnaround in breadth looks familiar to the 2018 + 2020 market bottoms and subsequent bull runs.
Source: @MarketCharts
3. Pump Pressure: "It's the economy gasoline, stupid"
Source: @FusionptCapital
