After SPX dropped 4 days in a row , it rebounded nicely this morning with the help of FB. AMZN, GOOGL, AAPL and NFLX. NASDAQ is the strongest and IWM and MDY are the weakness. The rebound could last a few days and today is day 2 . Earnings so far has been good but the reaction is mix. FB reaction is good. We are still in correction mode. Exercise caution.