~TA FAnaTick$~

[~6979~]

S&P getting a little support at its 50dma...a bounce is expected there...but follow through is another story...this may take a few days to play out...My posture remains bearish for now...the key S&P chart is the daily imo,if it gets a strong close above the triangle pattern, I will re-evaluate my stance...The real test is whether it can break above the 50% channel line...Thats what I am watching...If it breaks above the mid-channel I would turn very bullish near-term...