Notice how the Cumulative Tick is losing ground. We could still break either way. Be careful, and as always, look for confirmation before placing a trade. Patience pays even though we are still very much in a day trading environment. I know, pretty banal, but hey...
Bounce Statistics - This would be day three, -4.4% (1:25PM CST).
WSJ: Slight Easing of Mortgage Credit Standards
8 hours ago