The issue again will be, will we merely put in yet another higher low (above 1354), or will a stronger trend change occur. It is possible though we'll bounce, create a minor H/S formation, and then break a new low.
sp,daily5
Summary
I'm not going to post any of the other usual indexes, they are all pretty much the same today.
The Sp'500 closed today with what is a somewhat bearish hanging man candle.
I refer you to the candle of May 2'nd. Kinda interesting?
So, lets see if we can get a break into the 1380s tomorrow, and close near the lows of the day. We do have some econ-data - most notably Retail Sales, so the market will be more active.
A little more later.