Not confirmed downtrend day yet but if bears can break to the new day low with good looking bear bar in the next couple of bars then it'd be a downtrend day, key time $SPY $SPX $ES_F http://bbs.cobrasmarketview.com/ ... mp;p=296747#p296747
The line may not hold another test, breakdown would then mean it's a downtrend. It's getting too late for me to treat it as a downtrend day though even indeed it does make a breakdown $SPY $SPX $ES_F http://bbs.cobrasmarketview.com/ ... mp;p=296751#p296751
First test of EMA20 in 2 hours, could attract some sellers, it's also the last chance for bears to make a downtrend day here. Strong breakout then the range low probably was in $SPY $SPX $ES_F http://bbs.cobrasmarketview.com/ ... mp;p=296752#p296752