The complexion of the market has changed.

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LOL complexion or color changes very day.Looks more like a rotation , typical AUG; than trend change.
QQQ closed once below 50dma/ but that hindsight, in the past

 

Yields are capping the rally.

 

Hello Anglo_pride,

The market have not changed to me AT ALL.

Looks exactly the same everyday.

 

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SOME did LOL Some heard SCHW note[SPY + related ] 50dma+ give a bearish + bullish case..........
At end of the day, see what the charts, newscasters +plenty of charts study says , so to speak.

 

na, i just eyeball the slope, lol

 

Hard not to agree with the OP on this.