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In Yesterday's blog post Al has mentioned "The bulls might try for another test of the September 16 high before the bears get their 2nd leg down from the September 3 all-time high"
Al was saying that Sept 16 High would be tested and it got tested. Wanted to know the reason Al feels that Bulls might give it another test.
Is it because on a Lower TF (5 mins?) there has been no Micro DT for that test and Market just abruptly crashed from the test, so Bears need to see one more test to confirm that the market is most probably not going up??
I think it has to do with the tightness of the channel up (daily chart) and bears not having a good SB.
SB as in Sell bar?
