In could see the market bouncing today,. It was extremely short term oversold.
It ended closing up on the high side.
But the question is how long is this bounce going to last.
It was getting ugly last few days before this 3% bounce off the day's bottom.
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Looks like a range bound market SPX trading between 2950 & 2766 (give or take a few points). It's right in between the 61.8 & 50% fib levels.