Early Update – Follow Through on Key Reversal Day As Expected

12:35 p.m. ET This morning we are getting exactly the kind of 1-day oversold internals bounce expected, but more than that, a virtual carbon-copy of the day following the July 27th SPX Key Reversal Day. The University of Michigan Consumer Sentiment survey for May checked in at 69.1 (consensus 67.6) versus the preliminary reading of…