The buyers in the major stock indices are stepping in after yesterday’s cycle lows and new lows for the year, sparking a relief rally. The bounce is notable, but let’s be clear—it’s still early, and there is work to do before buyers can claim meaningful control on the upside.

From a technical perspective, this move is more about stabilization than trend reversal—at least for now.

There are clearly defined downside levels that now serve as risk-defining support. As long as the indices can hold above those levels, buyers remain in the game and can build a case for further upside. But if those levels start to give way again, the recent lows come right back into focus.

On the topside, buyers still carry the burden of proof. They need to push through resistance levels and sustain momentum to shift the broader bias back higher.

That said, the “buy the dip” mentality is still alive, and when capital starts flowing back into the market, it can be a powerful force—especially if the technicals begin to align and support the move.

Bottom line:

The bounce is a start, not a conclusion. Buyers are back—but they need follow-through to turn this into something more than just a relief rally.

PS the story that the high IRGC has a announced that the main institutions effective in terrorist operations will be are legitimate targets the site tech companies including Intel, Oracle, Microsoft, Apple, Google, Meta, IBM, Dell, Palantir, Nvidia, along with other big Names including Boeing, GE, Tesla, J.P. Morgan. Basically, they are targeting all the biggest and influential names in the US stock market.

Trying to solve problems, create new problems if you don’t think it through.