Market did a great job of hanging in there today and finishing well. Microsoft after the close boosted NQ100 after hour cash by 26 points and opening the NQ100 futures sharply higher.
Bears had hoped for a reversal at best today but have to be discouraged with the close. Bottoms appear rapidly as mentioned before in recent posts, so some scrambling may lift the market as we swing into Friday with a potentially big upside price reversal for the week. Trying to pound these markets in an election year may just be too much for the bear to endure. SP500 futures left the 1318 value area without any consideration today and need to close under 1340 tomorrow for any bear hope.
