I think the technicals are indicative that the selling has worn off. I am long again.
Keep in mind this week we hear from the Fed. May be a in a tight range, till the fallout of - what I assume will be - them assuring the market participants they will do whatever is within their power to continue to keep the markets stabilized.
I imagine there may be talk of them seeking to keep the inflation target higher than usual for some time, and this will be very bullish for equities - a continued melt up.
Keep in mind this week we hear from the Fed. May be a in a tight range, till the fallout of - what I assume will be - them assuring the market participants they will do whatever is within their power to continue to keep the markets stabilized.
I imagine there may be talk of them seeking to keep the inflation target higher than usual for some time, and this will be very bullish for equities - a continued melt up.