Does today's action open the door for a second leg all the way down to that dark blue 200-day EMA for the S&P500 ($104.50)?
I'm certainly not rooting for it, but post Bernanke confirmation, MSFT and AMZN beats, a lot will now be hanging on tomorrow morning's Fourth Quarter GDP, expected in at +4.7%. "Short" of that, Bulls would next have to look to a positive change-of-month effect.
Goldman: U.S. Economy "now at full employment"
3 hours ago