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There were some other financial reports. International paper said they still look okay. The Fed didn't adjust the rate downward. It wasn't bad news, which seems to be good news. So encouraged, there was some buying. Besides that, the recent run down in prices was enough for the time being. The market is always overshooting and correcting. Today was a correction for the overshooting yesterday. Of course the correction will turn out to be an overcorrection, which will have to be counter-corrected tomorrow with another overcorrection. We'll probably still be right here in January, but overcorrecting both upside and downside no matter what.

"We'll probably still be right here in January, but overcorrecting both upside and downside no matter what."

Right now I think the SM has gotten too predictable with simple TA. That IMO is going to change to a WTF? situation occuring frequently.