I think ur reading it wrong, the snapback to almost record highs is very telling, it's telling us plenty of fuel to get to 747, I am raising my eoy target from 6500 to 6800, this is the most hated rally I've ever seen, I expect record rally in short time, get on board!
Credit downgrade yet pps is moving higher and we now have the 50 day MA curling higher, this means it was just a correction in bull market and now the 50 day is a clear buy signal, alomng with AMZN and today GOOG