Tech reversal
The Nasdaq 100 fell more than 2% to a 1-month low on Monday before reversing to close at least 0.25% higher on the day, all while holding above its 200-day moving average. It's done this 7 other times in the past 30 years, leading to further upside over the next week after 6 of the 7 signals. The sole loss was -0.8%. Looking at lesser reversals expanded the sample size and led to similar results. A point in bulls' favor.