Nice little tease by the market - briefly breaking the downtrend is not enough, we need to close below it. Even if it did close below, its too late to confirm the breakdown from late May, in my opinion - we'd need to see more weakness to raise confidence on the trend change.
One day the break will happen and we will be looking for the beginning of the downtrending bear market to be defined.
Today, anything below 935 would be a positive for bears.
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Felt like we topped out today (triple top on futures) and should breach 920 to the downside shortly.
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