stabilising?

A nice rally off the S3 support line, but didn't make a Buy Signal just yet – so lets see if we stabilise now or whether the market need to find a lower low at S4 or S5.

The ellipse tool is still looking for sideways and downwards, and the T thery volume oscillator is suggesting a few more days of upside, but the 70 day low to high may be suggesting yesterday / today / tomorrow as a top – perhaps a dead cat bounce then.

Chart of S&P500 for 5 August 2014

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