ISM numbers terrible

I forgot that ISM non- manufacturing numbers were due this morning- we got a number in the low 40's which is a sign of very low production. Any number below 50 signifies a weak service environment. It is the first contraction in the service economy in 58 quarters. Let's see how we open off these numbers, futures have taken a hit on the numbers

Tuesday

Monday’ session started this week off on a bad note as a bearish impulse out of the open led to lower prices all day. However, the sell-off wasn’t extreme and didn’t break us down on the market daily charts, so I am maintaining my bullish bias here for the short term. Lets look for some kind of a rebound for today and I wouldn’t be surprised if see it in the form of a Turnaround Tuesday scenario so be prepared to jump on a reversal setup if we flush-out to new lows early in the day.
I still think the market can go higher here before we head down.