After opening gains, the market has gone into full reverse. The dollar is up, and commodities are starting to get hit bad, especially Gold and Oil.
Its interesting, but I sure don't trust this initial reversal.
I would only be somewhat 'curiously bearish' about next Monday if we close today <1412., which is still a long way down right now.
time for early lunch..back at 12pm
Bears need a 'bearish engulfing candle'.
We need a close <1412, which will be super difficult, since underlying momentum (see MACD) is starting to battle higher)