I am not familar with TA stuff, just know the names. I only rely on Up and downs and the history of the market move. After a big move, the market usually will need to reset the direction. So there will be small up and downs. Kind of like 横盘, which can tilt up or down, depending on the relative strength of each direct. So far it seems the up is taking the control. One more clearn up phase and not a impressive downside correction will give a new up trend. SPX has not come out with a decision change (to me), but if you look at E-minis, the results are almost there: Continue up is a big chance event. If it open high tomorrow, the downside correction can be very light and the market will have days of up move, if not a week. |