Apologize for the repeat posts earlier. I believe that TA can now be useful in that it reflects supply and demand not pending news. The best view of where we are using technical analysis is on the one hour charts. Specifically, relative strength, stochastics and the DMI. Every time relative strength has gotten this low we have reversed course and begun an upward move. Stochastics are extremely oversold and signaling some strength. Remember this is the hourly chart, so don't expect anything in the next ten minutes. The wild card here is last minute tax selling. This is just my read of the technical indicators I follow.