Quote from Ivanovich:
Again, I understood that. I was curious why you felt it was going up tomorrow. Futures are selling off rather significantly.
Quote from Rearden Metal:
I can't recall the last time a classic capitulation/hammer/VIX spike/volume spike bottom <b>wasn't</b> followed by at least a week's worth of channel-uptrending. Odds are, this time won't be any different.
The market <i>wants</i> to channel-uptrend for the rest of the week (at least), and it would take a major news event for it to do otherwise.