U.S. stocks were mixed after the close on Wednesday, as gains in the Oil & Gas, Technology and Healthcare sectors led shares higher while losses in the Telecoms, Utilities and Financials, sectors led shares lower.
Yesterday’s drop off signals a short term turn back to the prevailing bear trend of previous months and should continue to foster an attack under the 34361 swing low. A close under 34361 projects a larger bear wave to 33637. The reluctance to stay under 34361 and yesterday’s bounce hints for rebounding action today. Trade needs a close over 35072 to renew a bottoming formation.