The bulls have made progress over the last week. In the short term, we could see the S&P 500 (SPX) move toward the 200 simple moving average (SMA) around $4,100. We’ll compare the market now versus in August since that was the last time the market rallied for longer than a few days. We’ll also cover some of the pieces of the puzzle including VIX, HYG, and DXY for a full market breakdown.
