Charge

The rally today had great net change numbers but was a bit shy on volume. Market clearly trying to form a bottom as bear traps continue to be the biggest volatile feature. Higher on the week now for the DJIA, SP500, and NQ100 but as in life, it is not how you start it is how you finish. A bottom can be confirmed this week with a few more blasts such as today. A reversal tomorrow after a Fed rate cut would be a problem for the current technical base but would only be part of the basing process.