Market Update – S&P Challenging $4200

2:10 p.m. ET The averages are seeing some modest follow through to the upside after yesterday’s intraday reversal and several bullish hammers (higher probability reversal candle) on the daily charts. Small Caps continue to outperform as Value (+0.95%) outperforms Growth (+0.05%). Short covering activity is also creating a tailwind for Small Caps. S&P tested $4200…