The bounce attempt is under pressure. Small caps gave up bulk of the gains. And some large stocks look vulnerable.
It then goes back to range scenario.
With 8% plus correction it is always time to start thinking bullishness. Things look most gloomy near bearish points. Shorts also gets most excited after 8 to 10% correction.
Most corrections in bull market last 8 to 10%. And tend to be brief affair.
Individual stocks action looks comparatively better as earnings are getting rewarded and some small caps are emerging.
RDNT STRA GMCR STRL PPO WWAV ODP HK CTL are some good recent leaders worth watching for more upside.
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