What a drama show today

What a drama show today ! After yesterday's big selling off, today, bulls fight back very hardly, with the good GDP number ! The economy condition seems much better now. Will it last for while ? the sustainability is certainly an issue here.

Nevertheless, Mr. Market doesn't care too much about these reports. He will do whatever he wants to do, and always surprise the people who don't follow him.

Back to the chart reading now. I still keep my last night's point, quoted here  "1070, as pointed out before, is another point to watch since a control back of 1070 by the bulls will tell us that the correction is completed. "

So, can we say the market correction is over now ? And we are going back to make a new higher high than 1101 ? Certainly, not yet, Mr. Market needs to show the follow through. But, before the follow through, I need to see Mr. Market can break out 1070 and stand well above 1070 first. Cheers !