Reverse Hammer

First of all I would like to say that it is pretty bizarre that the market rallied today based on what I saw on the technicals. This is one of those times where you expect to drink some orange juice and instead get a surprise mouthful of milk.
I think I'm going to look at the detailed chart to figure this out:

My viewpoint still holds looking at this chart: The cubes are going to drop. I think what happened here was news making traders hopeful about the housing numbers and further comments from a figure in the fed. Hell, sometimes there is no reason why, sometimes traders set the tone early in the day and then the markets just stay up or down.
However if I had to bet, Id bet down.

Tradinginsider