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As illustrated with this 5-Minute chart, we saw some interesting price action today across the 6-Month trendline. With lots of volatility, there was a 2.15% price swing today. Volume was questionable, not the kind of exhaustive selling we like to see as confirmation of a bottom. For myself, I'll do what I usually do, look for a 50% retracement bounce which is about a 2.4% gain off my entry price today. Regradless of what I think, we had a legitimate chance to take these markets down and for whatever reason, buyers stepped in with somewhat convincing fashion.
Attachment 28187
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