Afternoon Update

The oversold low was in yesterday. The correction is underway today with  little help from Powell. Whether that’s a bounce/rally with more upside, or a consolidation is still not exceptionally clear, but many technical levels are looking better. SP-500 (daily) above its 50-day   Dow(daily)NASDAQ-100 (daily) above its 100-day. IWM (daily) SP-500(5m) could be a…