Hard to say market tone does seem to have shifted with late day sell offs.......but last 100 dips have been bought. I would guess we continue with an upward direction. Would wait for a strong trending day and avoid chop days of course, if playing to the downside.
@FoggyLights, Well I hope you are right.......I am positioned with you but with not all sectors selling off makes me think the "lemmings" are still running. /NQ could drag us all down but have found people will flee to conservative S&P names in certain market downturns, especially when it yields more than a bond. Our system in the US has every blue collar stiff counting on market returns in order to retire......worlds central banks will prop this POS up even if they seem to be trying to reign it in at the moment. Just my .01