The S&P is golden
The S&P 500's 50-day moving average should cross above its 200-day average for the first time in months. That will fully erase a decline when the 50-day was more than 9% below the 200-day. While the "Golden Cross" has been only a moderately useful technical signal, when it erased a spread this wide since 1950, the S&P lost a maximum of only -5.6% at any point over the next year out of 8 signals. On average, its maximum reward was more than 22%, so this has been a very good sign during modern markets.