THE CLOSE

Markets closed off their best levels in the final hours as the DJIA lost about half its gain before the close.

I am not bullish now as I suspect a nice sell off is in the cards- not shorting either as my conviction isn't all that high.

Note also the FIB retrace on the SPX- the 76% number was hit at 945 and then the BAC comments were made- so back down we went.

So back at it tomorrow with the expectation for lower markets- in light of the FIB retrace and the over bought conditions.