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Todays markets felt pretty good, and over the last couple of days I have narrowed my bull/bear zones. The CPI data hit the market good but was it a one off? This is the exact type of scenario you need. Bad news then the initial drop. Now, what if this unexpected bad news was top and it took a month longer then they expected. This is a big possibility. The other thing is, they through around the "R" word so much you would think it is mostly priced into the stocks. I am not making that call but I will be extremely bullish above the 4120 high and a down side target is 3795.
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