DOW, SP500 and NAS all have closed their gaps. The 2 hour and daily trends are up. The weekly trends are down. To the left you see what happened last time the 200 MA was broken in the same type of formation. We are at a very interesting point now until late next week. Please compare SP500 and NAS below. They all move together will little changed outlook.
DOW and NAS is below 200 MA but SP500 is above. The 50 day MA is far closer to the 200 MA for an eventual cross. My main view is still that this is a strong correction which will last a few more days eventually more than a week. Every coming daily close will add a piece to these puzzles.
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