The mad rush at the close to push the market higher was ultimately proven false as overnight buyers attempted to gap above yesterdays close only to be rejected (I believe the ADP # caused the rejection). This AM is currently hovering at Mondays globex high and my TA indicates that once again we have an outstanding globex low at 999 that should be tested. Breaking under yesterdays afternoon lows indicates we are going back down to test 992 (Tuesday morning's low) and 988.50(Monday morning's low) which still remain outstanding for a retest.
Still short term bullish. The only real outcome that might indicate that sellers are indeed back in force would be an opening surge to test the 106.50 area by a point or 2 and a complete rejection back down and a close under 992.00.
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