Intraday Update

The S&P is testing its 100-day now and Small Caps are testing 12/20’s oversold low. However, the 10-year yield is up 9 basis points (high of the day) to 1.86%. Breadth oscillators are back into deeper oversold territory (8). SP-500 (daily) ES(1m) has a small relative positive divergence, but this isn’t the typical strength seen…