yupper it can, kidman. Those on some awesome candles on the major indices as well as certain sectors (all to see at 3:50pm)--, strong strong signal a likely swing low........ and one's buying in the oversold condition too boot. What's not to like? Probability is STACKED for a short term run. HOWEVER, very headline sensitive market, so a nutty headline can break what the technicals are sayin. Like the SPY moreso than the QQQ's as the former reclaimed its 8 EMA- its been below it since mid May. There's a gap to fill just under $285- that's a magnet, target. But i do like both ....and oil also signaling she's set to rebound, this is more evidence for the equity short term bulls. ... would be great if the qqq's can reclaim its 8 ema tomorrow