That trend is still intact. Doesnt make for a confidence building chart. I find it odd that they chose to rally it today without testing the true support area. down in the high 10 to low 11 area. This leads me to believe that a good deal of shorting activity was going on against the poor lambs that will be slaughtered sometime next month.
Careful...outside reversal yesterday on stronger than average volume....if we get confirmation today, it could be the start of a new leg up...btw, there was decent support at 12, just because the 200 day was sitting around 11 doesn't mean it has to get that far to be a true test.