Break the blue line in the next, say 5 bars then it's a downtrend day. Just it'd be mostly within the yesterday's range which means support on every step down so I generally would treat it as a range day $SPY $SPX $ES_F http://bbs.cobrasmarketview.com/ ... mp;p=299585#p299585
It's the very first test of EMA20 in 2 hours so could attract some sellers, watch for EMA short setup. Strong breakout here then bears are over for today $SPY $SPX $ES_F http://bbs.cobrasmarketview.com/ ... mp;p=299589#p299589