Such odd behavior we’re seeing in this market. The false starts, the fails, the rally then the sell off. It’s got it all. Chop with a lower bias.
This action tells me that the market is indecisive, it tells me that earnings are the focus, but Europe, Russia, and collapsing oil prices are still in the back of everyone’s mind.
I looked at the charts of the major indices and it just tells me that they are in a trading range right now.
SPX trades from 2000-2060
QQQ trades from 100 to 104