The bull case is working out like we had planned on Sunday. However, if it wants to continue that way we need to see the bulls put in some gains today. Right now we are facing the 200 day moving average as major resistance. We did see a hit on it yesterday which led to our sell off. Bulls will want to put in enough gains to get us back into the underside of the bear flag (at least). Bears will use yesterday to digest the big down move hoping to work off short term oversold conditions and push us lower.
{denvideo http://www.youtube.com/watch?v=qWcMqJfH01g}
