Today we had such a strong rebound because we were shown the consumption numbers, which although they were expected to be negative -.2% were +.1%, which is something positive that the economy grew in the month of August; although we must clarify that these data were positive for car purchases and gasoline.
Also another important news today is that the Fed meeting is going to start so they can decide how much they are going to lower the rates.
Personally I think they are only going to lower the rates .25% because I don't think they will ruin the economy a few days before their elections.
The chances in WS already exceed 60% for the drop to be .50%
And the senators from Washington requested that the drop be .75%, which would be a real disaster for the market.
So we must be attentive tomorrow especially at the opening of the market.