Bigworld, The main indices are tested near term support today (March 27 low) and looks like they might be getting ready to fall further and test the next support area - 20,000 for the DJIA, and 2300 for the S+P.
Will see if the PPT steps in, but they may want to just let the market finally consolidate. The most a correction would probably be is a test of the 200 MAs, barring any black swan events like war with Korea or something. A pullback and successful test of the 200 MAs would be healthy from a TA perspective, although it might not get that low.
Well in the news today, I see the US bombs 'allies' by mistake in Syria, the US drops a huge MOAB bomb in Afghanistan ('Mother Of All Bombs'), and more trouble brewing with North Korea. US citizens have become so used to endless war 'over there' that it's become the new normal and we just tune it out. We find ourselves in Orwell's 1984, where 'war is peace, freedom is slavery, ignorance is strength'.
