Big Market Change Ahead!

Because of the way we closed last night, today's MMI was changed from the calculated up to uncertain, as today's "keep going this way" mood pattern could have easily applied to the drop at the end of the day.  Also, it was noted that "if there was going to be one more low in the recent move down, this would be the day to go for it."  

Yet, bears shouldn't get too entrenched here.  MMI is looking up for the rest of the week.  Tomorrow, in particular could be really interesting as the mood pattern is a mix of both panic and bullish trend.  Who's going to panic, the bulls or the bears?  Or perhaps both?

Dr. Cari Bourette is an analyst at ElliottWaveTrader.net, where she provides her proprietary market mood analysis in our flagship service, "Avi's Market Alerts."