The dollar is up. Oil is flat; copper is up. Gold and silver are down. Bonds are down.
I have the next 1-2 days marked as semi important. We entered this week looking for a local bottom and got a big move up on Monday, but some of those gains were given back yesterday. The bulls need some follow through on Monday’s move, otherwise the S&P is likely to leg down and try to find support near 2300.
When a few indicators say “bounc,” there’s a small window it needs to happen, otherwise it’s back to the beginning and looking for a bounce at a later date or at a lower level. This is where we are. Bounce or back up and wait for the next opportunity.