Prices sold off strongly during the overnight session, finally giving us a correction of more magnitude, something that was needed actually. However, since finding a bottom during the early morning hours of the overnight session, prices have been mostly mixed and sideways. If this day turns out like most days lately, prices will rebound before the close, but do not trade on that thought process without seeing it directly on the chart. Never trade what you think, only what you see.
For now, the trend and bias appear to be mixed, but the large bearish move down could still weigh on the market today and we could see prices limp along and even turn down again. Follow the price action and trade accordingly.
