Big bets being made in this area. Everyone's looking for that recovery rally (including me), but this could easily reverse lower as well. Not easy to say where this is going today, but new weekly lows seems within the realm of possibillity. Need a good move above mid range, say 4290 to convince me we're done below.
The bulls had their chance on the Open and on subsequent pullbacks. Just no bid in this market at the moment. Watching for new lows from here.