This rally in the market is expected to be just a short lived bear trend pullback.
Here is a Trade Idea for the S&P500 inverse ETF, SH, as it bounces from a lower trend line support area.
The markets may look like they are reversing today, but the bottoming formations are not yet confirmed for a longer term reversal. The key resistance areas will need to be overcome and a retest of the lows usually happens to form a solid base. The weekly chart of the DOW Industrial Index is very interesting…
Below are charts and levels that confirm a bullish reversal and breakout.