So, was today the reversal on the S & P?

[LT701]

Quote from LT701:

a little bit of bounce from the 20 day ma area, but still closed below yesterday's low

dow and nasdaq both closed below their 200 dav avgs

my inclination, is that today didnt turn things around

well, caught the short to the 20 day ma, but am surprised by the strength of the bouce off it.

currently in the body of last week's 'chopsticks' top, so uncharted territory for me

top of that body is 1325.18, pretty close there now

the answer to the first question in this thread may well be 'no' by the end of the day

 

[LT701]

interestingly, it didnt close above the 'wick' of last week's chopsticks, but it did close above the bodies.

therefore, I consider the answer to the original post to be 'no', or 'yes, but very minor' as it reversed to no lower than the 20 day ma although anything can happen next

interestingly, it still closed at 1326.41, below may's high of 1326.7

as usual, the answer to 'what will the market do?' is 'whatever jacks the most people'

 

[Buy1Sell2]

Quote from LT701:

current big boundaries seem to be the 20 month avg and the may 8 top

today's candle sure looks like 'chopsticks', suggesting at least testing some lower support before and *if* it can break higher, although they've really been dishing out the fake moves

9/21 was not the reversal on the S&P.