From a technical standpoint, we'd like to see moves above or below "floors," "ceilings," or "resistance levels" get CONFIRMATION by remaining in that new trading range through the next assessment period.

In plainer terms. The fact that we went below our very solid floor of 99-29 would only be more meaningful if we hold below that today. SO FAR, we're back at 99-29 after the first 15 minutes. Not an immense volume of trades coming across however and with congress voting again, nothing's guaranteed. But at this early hour, having recaptured some of yesterday's losses, at the very least might lead one to the conclusion that hope floats. (audience groans)