This Day On The Street
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We continue to witness highly bearish sentiment but longer-term oversold technicals, with today's wild swings illustrating this conflict.

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Their correlation returned with a vengeance in today's session and is likely to continue into the next reversal.

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However, indices are likely to bump against resistance levels, so bulls should curb their enthusiasm.

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It will take confirmation next Friday to add reliability to these signals.

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Amazon takes a tumble after posting its fourth-quarter results.

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The fragile tech sector took a hit, and the Fed's comments did nothing to boost investor sentiment.

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Market internals hit upside trend day levels just one day after hitting downside trend day levels.

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That's unless key market groups, particularly the Russell 2000, regain firmer technical tones.

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