The S&P 500 rebounded swiftly after having tested the 3000 support level on decent volume and breadth : 2869 stocks advanced compared to 1011 that settled down. We observed a lot of buying pressure as measured by our buying/selling index which hit a level usually associated with short covering activity. The market retraced almost 1/3 rd of last week dowmove. Options traders followed the move but on a less agressive way than during the previous recoveries. The market is lacking a clear direction over a shortened week, the coronavirus outbreak and soon to be released 2nd quarter results.

Very short term oscillator	Negative -
Short term oscillator	Negative -
RVI trend	Negative -
Trend short term (5 days)	Down
Trend mid term (8 days)	Down
Differential of trends	Down
Risk profile	67 (scale of 1 (low risk) to 100 (high risk))