No follow-trough for the bears today. The S&P 500 and Nasdaq retraced about a third of Tuesday’s drop today on lighter volume.
The Naz kept last week’s breakout intact by holding above the June highs.
The S&P climbed back above its 50-day moving average.
Trend Table
| Trend | Nasdaq | S&P 500 | Russell 2000 |
| Primary | Up | Up | Up |
| Intermediate | Up | Lat | Up |
| Short-term | Up | Lat(+) | Down |
(+) Indicates an upward reclassification today
(-) Indicates a downward reclassification today
Lat Indicates a Lateral trend
