Bounce?

The first 3 charts of 1 min positive divergence in 3C in all 3 averages using all 3 versions of 3C

This is a 15 min price/volume relationship custom indicator made on StockFinder. You can see a lot of strength behind the large green bars.

Here we see the exact same behavior as the last short loved bounce. The price volume relationships are the same and the candles are the same. This is a daily chart of the SPY.

So far I do not see any convincing reason to believe the bounce will not continue.

As I suspected, the DOW is out-performing the NASDAQ, read my past few posts as to why. New members should be using any strength to add to their short positions to get it up to a core position you are comfortable with. We are already past 50% and will add more to get to 75% by the time the SPY trigger is broken.