The GDP came in, showing the economy is shrinking. In follow-up news, the Pope was declared to be a Catholic and grass was cited as typically being green.
Reviewing McHugh and Elliott Wave last night, I could be talked into the possibility of another lurch downward, but I consider that a less than even chance. I have a lot of faith in the strength of oil, gold, silver, and other commodities. As for the ES, we'll need to push about 971.25 in order to affirm a breakout above the trendline.
