S&P 500 found trouble not too long after the opening bell – retail rug pull a la Thursday came. So did the rebound off the proximity of Thursday‘s lows, which were exactly tested in Nasdaq. So much for the earlier promising sign of tech outperformance. Are we seeing more than a dead cat bounce, can ES overcome 6,965 again? The dollar decline didn‘t help bulls much, but it‘s more nuanced than that.
Source: https://www.fxstreet.com/news/sp-500-trouble-but-nasdaq-202602041427