Bounce

The intermediate term correction is underway. The divergence on the 13 day ema of TRIN has given a nice and timely warning (red segment).

Although, generally, a correction ends when the 1.4 level is reached, this time it is too small to have ended.

That is why I think we will only see a bounce before the market starts falling again.

I expect the market to drop below 1350 first and then start rising for a few days.