The Dow, Transports, Utilities, Energy, Materials, Resources, Consumer staples, Financials, Healthcare, Biotech, Construction, Home builders, Machinery, Shipping, Semiconductors failed to confirm.
Shorts were forced to cover ahead of the weekend, to ensure they would be the usual bagholders of weekend risk. A new gap below, then back at trendline. What could go wrong?
NYSE 52 week highs (50 day moving average): Not necessarily what you would expect at a new all time high: