Market Dashboard - Bounce, but not the end of downdraft


I think Friday's bounce was the start of an intermediate "B" wave, in Elliot Wave terms.  That said, we could see some more upside out of it, but I don't think we are done with Primary Wave IV.  Think 2011 for reference.  

The SPY chart below looks like it is approaching a low point with regard to price volume, so I'm considering that as a potential point of resistance for bulls.