but it also coincided with the base a channel and the fall is an equal measure abc downleg.....so corrective to the daily upswing
if spx closes above 50% of the bar i'd be dubious about holding a big sell.....thinking about the position in the day in the trend if we're swinging a big stick there's no way we'd get a casual rip like this
def should not move back thru 50% of hod/lod if a "resumption of the downtrend" is underway
the hod should be considered 1945's lod 1922's
also the two high beta rut/sml have only a fraction of the % in red of the major indexes.....that's a tell i think
