Well, it's a classical breakdown then reversal up. Now the question is: The low was in or not? Don't know, but usually the down is 2 legged so maybe another leg? Could be a higher low though $SPY $SPX $ES_F http://bbs.cobrasmarketview.com/viewtopic.php?p=321204#p321204
Revisit the low which is very common, now let's see whether bulls can make a double bottom or better higher low. I personally prefer to see two consecutive strong bull bars before yelling again "bears are over" $SPY $SPX $ES_F http://bbs.cobrasmarketview.com/viewtopic.php?p=321211#p321211