A bit weak
Despite a late-day rally pushing the S&P 500 up more than 0.4%, the Up Issues Ratio, Up Volume Ratio, and New High / New Low Ratio were all below 0.5, meaning more selling than buying interest. Of the 21 times that's triggered since 1965, the S&P added to its gains over the next month only 7 times, with a median return of -3.7%. A single day isn't enough to break a trend, but bulls should look for better participation in the coming days.
