The U.S. market remains in a Rally Attempt. Despite Friday’s sharp gap lower, indices are still holding above last week’s lows (S&P 500: 3,584; Nasdaq: 10,572) keeping the attempted rally alive. A follow-through day (+1.7% in higher d/d volume) above these lows would still upgrade the market status to Confirmed Uptrend, while an undercut would kill the attempt. Near-term resistance is again the rolling 10-DMA (S&P 500: 3,720; Nasdaq: 10,967). The next level of support below year-to-date lows on the S&P 500 is 3,393, while the next level on the Nasdaq is 10,519, followed by 9,838.