Don't think so!! As we expected the rubberband to the down side has been stretch and we were expecting a bounce back somewhere in here. Now!!! the important technical question is where and how far do we go on this bounce. Tonight I will be doing come charts ot see what levels to watch.
Also importantly Oil gave us some firing power today to go higher. My only gripe with this was that with a $9 move down in Oil this is all the bulls could stage as a rally.
Remember earnings season start tomorrow and I expect us to have a slight upward bias throughout earnings season, so be careful on both side of the game till we get a clear sign
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