As of right now this looks like a normal pullback on the road to higher highs the market could pullback as far as 2910 and we would still be looking for a higher low. My target remains 78.6 fib retracement (3125) from the weekly update. We will see where stocks decide to go from there. If you aren't involved like me this could be an opportunity to get long. If it breakdown on the trendline (which I don't think it will) than we will look to see if 2910 holds. As of right now the bears have a lot to prove to change my mind: they need to break trendlines, break below 2910, and start to form a weekly downtrend. We could have nuclear war start here and stocks would go higher it is very bullish when the market just shakes off bad news like it has been.
