Todays price action made new lows and is what the bears wanted to see. Although we saw a rally by mid day, the most important thing to take from all of this is that we have seen a lower low in the SPX. Our short term signal has moved to an UP position even though we have a negative day. This could be a signal of a diverging pattern happening. Current lows on the SPX is at a 61.8% retracement.
Main-Trend: DOWN (Unconfirmed)