Studying the S&P 500, there was a strong base built by buyers over the last few hours. It seemed as though the S&P 500 will be trending higher but before that happens, I expect some selling to happen first for more accumulation before a real sustainable rebound. The daily chart in the S&P 500 looks bullish while the minute chart were supported by the buyers.
Ronald K - Market Psychologist - A Stock Market Opportunist
