This counter rally is running into a hidden bearish divergence. Volume is declining. The trendline breakout didnt bring in a lot of buyers. I expect the stock market to go down, trying to continue it's downtrend.
Going straight back to the all time high without looking back would be very surprising.
SPY getting strong support around 100SMA.
Market Makers playing to accumulate at lower prices. A Clear divergence between OBV and price change. Nothing to panic still.
