A fairly uneventful day was probably a win for the bulls. Market was down on lighter volume the day after a big up move....that's bullish action. The market acts like it has some more upside to it, but it'll get tested Thursday.

I'm going to stick my neck WAY out here and give a prediction. If the market makes it to 1000 it'll happen like this....a move from these levels to 944-950 that punishes the shorts, then a break down to 850-875 that hammers the longs, then a hard multi-day move towards 1000 that devours the shorts again. I may regret writing that, but there it is.

Another scenario is for the market to move to the 944-950 level and then collapses back near the November lows. That's less likely , but possible.

Whatever the case, nothings really changed since yesterday. But there's always tomorrow.