Everybody back in the pool! All the pivot damage on the pullback was quickly corrected today.

From 12/3: "QQQ / NQ / NDX has saved the market at every point of weakness since August (yes, really). But even all these broke DecPs today, so the first sign of strength would be for these to recover. Respectively: 112.99 / 4617 / 4629." And that's the way it played out - QQQ and the other tech indexes were the first to clear their DecPs and the rest followed.

SPY, QQQ and DIA - all of which had broken at least one, and in some cases two, pivots yesterday - all reclaimed status of above all pivots. This means back to more long, fully long or even leveraged long depending on your point of view.