A bounce upwards here is normal, as we have pointed out previously, the second wave down was ending.
The bounce may be over today, as $DOW closed in the red, or it may continue for a few days potentially reaching as high as 1,680's on the $SPX.
Until we have clarification of what is going to happen after the FED minutes announcement tomorrow at 2:00pm, we will not be able to tell which is the market's next move.
Both $DOW and $SPX remain under their 50 MA and hence anything can happen tomorrow.
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