Pretty lame bounce in the market after being so oversold.
SPY not much traction. Needs to break range in 30 minute chart.
QQQ Bouncing 20 MA, again not many conviction buyers around.Needs to break range in 30 minute chart.
IWM Holds 200 MA but action is definitely not encouraging.
Overall pathetic action by bulls so far. I will be mostly watching range break up or down in 30 minuet chart. This market could also wear bulls and bear out short term. If you are not sure abut the direction, sit it out .better days will come. Earning season just around the corner . which might be catalyst for market moves.
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