I wouldn't be surprised by either direction at this point. Everyone was waiting for a correction so they could go all in, and perhaps this day and half drop was enough correction for them. Maybe people are anxious to get back in.
No chance....we're in a range and can't break out of it....WOW...my morning forecast was way to optimistic...I apologize....that just sucked. I definitely learned something today....the larger cycles always dominate.
Currently we're standing on the 50DMA intraday...just like this monring..once we break thru it..there will be further downside. This again is another moment of truth.
It's surprising that both GOOG and AAPL are holding so steadily despite such a larger NAZ drop. Other stocks are getting pummelled at the moment. It doesn't look able to bust through 605 with any resilience