This market's range is tightening, quickly. This, on the margin, is bullish. So is the reaction to a worse than expected US employment report…So is Europe closing on it's highs (failing to register its 3rd consecutive down day).
Our new levels in the S&P500 support our view, that in the immediate term, we will see the stock market bounce from a higher low (see chart):
BUY "Trade" line = 892
SELL "Trade" line = 958