S&P 500 Sits At Key Zone | Bearish Reversal Brewing in Energy?

There are trades to take if you remain picky in this tape.

Technical Edge

• NYSE Breadth: 80.3% Upside Volume (!)

• NASDAQ Breadth: 66.5% Upside Volume

We had an 80%+ upside breadth day in the NYSE yesterday. Another today would give us a back-to-back reading and could signal a return to demand. After chopping around in the 4275 to 4400 area, this would be a perfect time to unleash it. 

That said, the market has made i…