The benefit of the doubt still goes with the BEARS....

• The bias is still bearish
• Let's see what happens after Wednesday in the OX-(option expiration)-week when most of the institutional players have rolled their positions
• The bulls have to show more stamina to paint the tape bullish again (maybe they can come up with some new fairy tale from goldilocks to green shoots to "stimulus2: now it works"
• Also still open is the question whether the bulls can take the opportunity of the TimeClusters around end of JULY and manufacture a bottom or whether the bears will keep control.....