Despite the upcoming claims to the contrary, no one knows. It is a well established fact that "elite traders" are wrong about the market direction most of the time.
===================== CayI; SPY,QQQQ, DIA ,some real estate lookS like they are headed over 50 day moving averages OVERDUE BEAR RALLY; GOOG,AAPL,INTC already have cleanly, clearely closed above 50 dma. Sold a farm disc[cost basis = nothing] , it came with the farm; MOO,POT,MOS have not been the up %% trend leaders they were [yet], may be low grain prices