will we stay flat just like today for the next few session

The bull (me included for the day) was right for an hour, but in the end, it is the crowd of "selling into the news" won at the end.  How disappointing it was as expectation was so high,even though the market was virtually flat for most part of the day

Now what ?

The DOW was briefly above 12600, the failure to break that level pose some questions as how strong this "rate cut" induced rebound is?  we may need to wait a little longer to see this downward trend to change.

However, unless we have more bad news from economic or earning front, I just do not believe we will go back to re-test the low set last week, not after 1.25 rate cut, not in this week.   Maybe by tomorrow, people will realize that the condition has improved and maybe there will more people begin to buy.

the problem of today was the reversing of financial and home builders as they have been up quite handsomely since last emergence cut, hopefully, that just people take the profit off the table, the market as a whole was not damaged.

let's hope