I just don't think this bear rally has expired yet, too much put writing, no expansion of lows and too many dip buyers still ready to come in. Yes, the daily chart stinks, but nothing like an EOD short covering rush to print a new HOD and negated these two short term double tops...
<Zeev, I know you're playing a fractal, but the 60-minute chart has already cycled back up with little movement up in the indices. That's bearish. The structure of the consolidation off the high suggests a bear flag, and the 60-minute TRINQ has bottomed and is ready to reverse up.> i am agreed with your view aj. gd
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