NYAD update

Yesterday it was important to watch the NYAD line to see if a bounce would take place of the 19ema.  Well it did, the second thing to watch for will be if the 8ema can cap any move up.  So far it has. 

So watch the A/D line today, if it is strong a break above the 8ema could start another rally. 

 Volume was very light yesterday and suspect the same today so the market can be pushed up higher if it wants.  The bottom indicators still have not turned up but not look at bearish, STOCH is now neutral.  Watch SPX 1005 its the 21ema and is the first line of resistance for the bears.  Watch 994 the 320MA it has provided a bounce area for the bulls.  Then enjoy your labor day weekend too.