Now What?

Looking at the SPX now (because that's what we've been tracking), just yesterday I talked about how I thought we were going lower but there was an indicator (Stochastic) that was telling us the markets are oversold and buying should be coming back in. Well today's action sent us higher and almost wiped away Tuesday's losses. From here, I'd feel better if we got above 850 on the S&P to confirm that this recent run lower is over and that a reversal to the upside will likely take place...

Remember there's never a gaurantee as to what's gonna happen; you just have to take a snapshot at that point in time, assess all of the variables and go from there...