Beautiful SPY month reversal candle with month divergence. Are we in long term down trend? Points to note... volume is still very low.. Unless huge bear volume shows up we have no guarantee Also weekly trend change did not happen yet..
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That's as expected with more than expected volatility. Weekly supports are broken but weekly trend reversals has not yet happened. I want to see a weekly lower high and then fall below the current lows to confirm bear market.
Operation buy the dip is still in progress appereantly.
pvijju
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@SubZero, Not sure how long they keep doing it. ANyways we did not get confirmation just based on reversal candle. The candle itself might have squeezed shorts. Still no bear volume yet