Thursday Failure – Big Bounce Lines Falling Short Ahead Of Quad Witching

So close and yet so far. Last week, we set our 5% Rule's™ "strong bounce" goals for this week at Dow 16,300, S&P 1,860, Nasdaq 4,300, NYSE 10,400 and Russell 1,190 and yesterday we finished at Dow 16,222, S&P 1,860, Nasdaq 4,307, NYSE 10,359 and Russell 1,195 - not bad for estimates made a week ago but still not good enough to flip us bullish again.