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Stocks pulled back this morning in the pre market, reaching trend support and a 2-3 day cycle projection of 3228.
Hourly indicators are still bearish, but have reached the levels of their last minor lows.
An obvious place for them to buy the dip again.
For longer term projections and picks, see Technical Trader.
Update 10 AM ET
They bought the dip as expected. Now they face trend resistance. Bulls have the ball with buy signals on hourly indicators. If they clear 3259, this thing should rip higher. Targets would be 3266 and 3271.
