The bulls gave it their best Tuesday with their late day rally. However after Wednesday the S&P broke out of the triangle, all eyes are on the cluster of support from 770-790 area. I think it's safe to say we are 'oversold'. RSI/MACD/ATR are registering levels not seen since near the bottom of the last bear market. Can we go lower, yes. Can we have another rip-your-face-off options expiration rally like the last two months? Possible.
Edit: This blogger editor/format blows
