Today's market action

Today's market action showed that the market is still pretty weak. In other words, the market's correction since the warning here, has not completed yet.

This morning, I called the two S&P 500 rebound targets. And the market is just closed in between at the end of the day. A further pulling back is possible in the near future,  especially when S&P 500 can not stand well above 1040, which is a key level to watch at the moment.

As mentioned before, I am still think that it is possible for S&P to hit 1020 again.

Also notice that US stock market is weaker than the European market, and the Euro as well. The selling off at the end of the day is pretty impressive.