SPY bounced right where it should today as the buy programs came in with a vigor. I suspect that this level will be retested next week some time as down volume is up. A break of channel support would be a win for the bears. I suspect we finish flat or up on the day so people can feel better about things over the weekend. Many will say that the correction is over. For me this will be a good area to get get repositioned for another move down. Enjoy the holiday weekend folks. Stay safe!