If today's green body can't close above the halfway point of the body of yesterday's big red candle, it won't be bullish...(see daily chart below)
So far, today's canlde is a 'doji' which can mean a moment of indecision or it could be a reversal of trend signal...The next few days are critical...
We're going to get some really important employment numbers (Challenger Job Cut Report and the ADP Employment Report) and the ISM-Non Manufacturing numbers tomorrow, and they aren't going to be pretty so I'll keep my SDS position until after I hear tomorrow's news...