The Nasdaq McClellan Oscillator 10 day moving average is oversold and setup for a bounce. There have been three lower highs since March indicating a decline of momentum over time.
The Advance minus Decline line is also mildly oversold. I would not be surprised to see price climb higher for a few days.
Today finished with a nice gain on the indices, but volume was weak across the board showing lack of commitment from buyers.
Charts courtesy of Stockcharts.com
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