But still a bear market.
A look at the daily chart shows compression / consolidation between the August highs and lows (cash 1230.71, 1101.54).
Longer term bear market spells ultimate failure, but I would like to see 1200 again first.
Relentless buying should take us back to 1200.
Back to back strong closes in a weak market - tough to read.
ON lows tested; consolidation time?
Look for retest of bear market lows.
1200 can't seem to hold, look for swing lows under 1181
1181 holds and rallies back to 1200. Time for some consolidation?