I’m not sure whether this is a bullish or bearish sign. On the one hand, the market has again shown a strong propensity to bounce straight back after a sell-off but on the other hand the fact that one set of stops was done might suggest that the next set undet .9050 will also get done. Either way, I’m still in the buy-big-dip camp. RBA minutes from the last meeting will be released at 11:30 Sydney time.