Plus, the Treasury yield spread moved in the wrong direction Tuesday, signaling possible economic hardship ahead.
The S&P 500 has posted a positive return for the 12-month period after a midterm election 19 consecutive times. That's a pretty nice batting average.
A key contrarian indicator has turned very bullish.
It's a dicey play as the price action isn't defined as yet and the ETF still could break lower.
Trends are a mix of neutral and bullish.
Wednesday's carnage left some stripes on the charts
Is this is a good time to buy?
One is a semiconductor giant while the other two are solar trades.
The tradable bottom of October 13 stands firm for now. At least until Jay and the gang re-emerge from their caves.
Friday's positive action strengthened the overall outlook for the equity markets.