Cobra's Market View Private Messaging System shows:
Since nobody seems to believe overbought anymore so there’s no point to mention it here, as in the report last night, a typical rebound from a bottom last 4 to 6 days, and I personally, have no guts to chase here. CPC closed less than 0.8 again so this means 77% chances a green close tomorrow and yes, the “firework” goes on (until one day the market opens with a big down gap).
Well, something wrong with the SPY chart, it was a green close before…