We may rally at open but then turnS&P Index Cash CFD (USD)VANTAGE:SP500rsitradesIts hard to say if the market is done with the countertrend rally. We'll know it's over if they get under 7440 and hold. In the meantime, dips may get bought. We stopped at the 18ma in futures, they may want to test it in cash as well. The VIX looks like it could pullback at open, but again it's in an area where a reversal is possible.