Up volume ratio ended the day at 81% - not bad. Up issues ratio ended at 74%. These internals are consistent with a short covering rally shaking out weak hands, not the "kickoff" to a major wave up.
SPY gap up is ridiculous and wide open. A close under this gap is bearish. It will happen. But when?
Count is Wave (ii) of [i] of Minor 3 down but hey we'll let the market work out what it wants to do.
SPY gap down was covered.
Sunday's gap down was perfectly covered also.
