Trending Updates: Can the improvement continue?

We have a nice setup for a short-term decision to be made in the next few days. The trending has improved with the big up day yesterday. The question is whether that can continue or did we just see a knee jerk reaction to the job opening numbers from the market. Some experts mentioned that the Fed will not raise interest rates when they can see the job opening numbers sliding so much.

I have a feeling that if the markets retreat the rest of this week, the experts will start talking about the economy weakening and no longer about what the Fed is going to do. We all know that, in the end, it is all about earnings and the perception of the market about earnings.

Major Markets

There is good improvement in all the major markets. Although the 10day is still below the 20day for all of them.

SPX Sectors

The sectors trending also improved. But here too we have to see the confirmation that we are in a short-term bull trend. I am looking for the 10day to cross over the 20day for that.