There is a good chance we bounce in or into earnings. How far we go is the question as the new as been pretty terrible. S&P is now sitting almost @1250 which was where it was 2 yrs ago. I think when we bounce we will bounce very fast but will face selling again. For those who missed this nice downdraft we should flag or bounce and set up again.
My long term bear target on the S&P is 800 and 320 for the Russell at those levels the DOW will be below 9200. Hopefully we bounce soon but I am not one to catch falling knives. We goign to crash and burn soon and something tells me it will be in the August to October time frame before the elections.
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