Break the day low with strong bear bar in the next several bars (say 10 bars) then it'd be a downtrend day. Strong rebound here then it has some chances being a range day, will have to see how EMA20 works first $SPY $SPX $ES_F http://bbs.cobrasmarketview.com/ ... mp;p=278462#p278462
Another 2 hours without touching the EMA20 so this bear shall still have legs. Now we have a mini target (pink area), need exceed it before bulls could have chances $SPY $SPX $ES_F http://bbs.cobrasmarketview.com/ ... mp;p=278506#p278506
Another test of EMA20 in 2+ hours, watch for ema short setup. I'm not sure this time though. Downtrend day rebound could be unbelievably strong and it can happen anytime $SPY $SPX $ES_F http://bbs.cobrasmarketview.com/ ... mp;p=278515#p278515