Financial Markets Update

I commence with my gratitude to The Creator

The Market fell sharply and cut through the lower band of the channel yesterday. Then, it snapped back and stopped just below the channel. This morning, it opened above the channel (not very positive for short position, if held overnight). Median line was added by me. This line usually indicates and reconfirms the strength of the trend. If S&P is unable to break above the median line then, shorting idea, could still live.!
NASDAQ 100 (usually a leader of the trend .. Not the Dinosaur Dow Jones) does not support the snapping back above the broken channel, of yesterday.

I think snap back above the channel was a last attempt by the big players, to drown the retail buyers, in longs and then dump!!?? Most probably!!