What looked like a recovery effort on the part of the ever-stubborn bulls that we've come to know in the last 2 months seems fading at the moment. For the time being, everything kinda hinges on whether the trendline will remain intact or not. If the bulls hold out long enough, there may be a massive exodus of skittish bears that could send the market higher. Anything goes is the preferred motto, if you ask me.
The pattern of zigging and zagging, all the while taking forever to get its ass back up, should not bode well for the bulls. It tends to leave a bad aftertaste.
There's a real danger for this market to swoon if we don't get a decent bounce within the next 15 minutes. Obviously, bulls are acting like sissies today.
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