The major indices have erased the declines and the major indices are back in the positive. Technically, SandP is back above its 200-day MA at 3981.17. The price is currently at 3988. The Nasdaq is approaching the 100-day MA of 11057.39. Today’s high just reached 110 3.59 (within 1 points of the MA). The price rose above the 100-day MA on December 13, the CPI day, but quickly reversed. Its 200-day MA is still higher at 11633.81 (5.22% of current level).