The U.S. market remains in a Confirmed Uptrend. The S&P 500 and Nasdaq are consolidating above 50-DMA support ( 5,556, 17,378) with only one distribution day on the S&P 500. Both indices are trading 1–2% below the next level of resistance at their 200-DMA (5,748, 18,315).
Over the trailing five sessions, Consumer Cyclical (+1.7%) outperformed followed by Energy and Basic Material rising 1% while most other sectors were relatively flat. Health Care (-4.4%) underperformed significantly followed by Consumer Staples falling 1%
