Long term trend - Bearish
Medium to short term trend - Bullish
1. Rally off of lows to the 50% retracement level (middle of fibonacci retracement zone between 38.2 and 61.8); confluence with gap down around March 2014
2. Weaker volume on rally than on mark down (shown on OBV)
3. Relative strength is weak, lost about 50% of market cap last year when the S&P was positive
Medium to short term trend - Bullish
1. Rally off of lows to the 50% retracement level (middle of fibonacci retracement zone between 38.2 and 61.8); confluence with gap down around March 2014
2. Weaker volume on rally than on mark down (shown on OBV)
3. Relative strength is weak, lost about 50% of market cap last year when the S&P was positive