JIF, there will never be good news at the bottom. the whole news flow was ugly for 2 weeks and the market could not really penetrate lower... + techinically was good level... I think the bottom is in for a while..
i agree with your level.
below 43 on close bears win
above 49 on close bulls win.
markets decides. no point arguing. both side hold true from an intellectual point of view. Rien ne va plus. I am long. good luck.