A lot of bearish news is beginning to surface this morning. However, the market is still very underpriced/undervalued from the September decline. Price is currently at 34787, but 34739 is a very strong support in the market. It is also a Take Profit point from an idea that was posted yesterday.
Price did reject off the support at 34739 very strongly and rose to a high of 34941. This momentum push occurred right at 9:30, market open, after positive sales retail data was released.