Wyckoff volume benchmarking / market profile bt analysis board

[jxyzobrien]

fast move to the spx 20da ma

should be a short covering bounce first there
if however it stops before it can easily jump the creek

there should be some fed news to attempt to rally the market

often times you get a daily candle with a tail first time down
if that does not happen look out
breadth was 37-1 down

gold getting hammered is confirmation
put call at .8

so bears are surprised by this
the only thing not in sync is put call ratio

lunchtraders bounce

http://stockcharts.com/h-sc/ui?s=SPY&p=D&yr=0&mn=1&dy=0&id=p04023367959