Remember -- I'm looking for a broad consolidation range on the SPYs between 90 and 108. While the action today was wild (there was a roughly 6 point swing on the SPYs), we closed at 90.99 one point above my preferred low. However, it's also important to remember that the chart is still very bearish. Prices are below all the SMAs and the shorter SMAs are below the longer SMAs.
BUT
The 10 day SMA went neutral today, which is something.
