Mike Santoli's market notes: Tech finds some support, biggest outflow since '18, oversold enough?

A man walks near the New York Stock Exchange (NYSE) on August 31, 2020 at Wall Street in New York City.
Angela Weiss | AFP | Getty Images

This is the daily notebook of Mike Santoli, CNBC's senior markets commentator, with ideas about trends, stocks and market statistics.

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  •  Mellow lift to the indexes, mostly about the old faves of Big Tech finding some support after weeks of liquidation. Tech led us up, then down – and maybe eventually up again?
  • The S&P has again found tentative footing in the same 3200-3230 area, for now, though the rally today only takes up into the disputed borderlands between short-term uptrend and breakdown.