Finally, the stock market bounced back from its deep oversold position and buying pressure was strong as measured by our buying/selling index. Short covering or fresh money entering into the stock market? difficult to say. Nevertheless, the S&P 500 has the potentiel to reach 4200, the next resistance. We observed less interest from options traders for purchasing puts. The weekly survey among professional active portfolio managers points out to a lot of pessimism from this category of investors as the index stands at 24 on a scale of 0 to100. Let’s observe over the next dew days how the rebound unfolds.