thursday turnaround and around and around

Good old spx, almost reversed Tuesday nights losses but not fully. SPX remains in a dow theory down trend.. lower highs and lower lows on daily charts. It would take a break up above 1504 on a closing basis to change that downtrend picture. RSI and adx both suggest thats not about to happen any time soon, with the rsi not even thinking about breaking back above its downtrend line. It did break back above the 200dma, but I'm not real sure how good that currency is any more. Once a breakback above the 200 was a strong sign, but now it doesn't seem to offer strong support or resistance. Summary is that on both short and long term views spx still presents a picture of working lower.