We got our correction on the SPY and on all markets, but what should be noticed is the hidden buying in the decline. Markets were in a free fall today just to bounce strongly off of the lows. It then shot up and caught all short sellers. This could be an exhaustion move to flush out all the sellers. OR . We can compare this last fall with a ball that falls from the sky, the first bounce is usually the most extreme (today) the second bounce is going to be less extreme (tomorrow) and the third even les...etc. Till price stablizes and moves higher again. It was definitly accumulation and if prices take out the low then this is not a correction, its a BEAR MARKET! as it will be a failed accumulation.
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