Market hopeful for a technical rebound (7/6/09)

US market tested the previous support around 888 (S&P) and then made a small come-back, closed at 898. It's hopeful for a technical rebound in the next couple days. Market still remains in the trading range between 888 and 930. My long positions were built around 920, so they are underwater now. Today was so close to the exit point of 888, but market seemed holding up ok. Let's see if the start of earning season can decide the main direction of the market.