Dow Jones and S&P500 - Updates

The Dow Jones Index was down 200 plus points and then managed to craw back 150points to close at -59pts on 23 June 2011. Even so, we are still in bearish territory. While the market's huge reaction to the initial sell-off was huge in the final hour where it pare most its losses for the day, we need to see a follow-through higher in order to confirm that the market is indeed displaying strength and rebounding.

Dow Jones Index

S&P500

Overall, I remain bearish on the markets.