The price action today in the S&P looks like a bottom to me
And this is what a bottom looks like!
No not a big round Kardashian bottom, but a bottom in the stock market.
We have increasing volume and a large hammer candle.
I have always hated that term "hammer candle" but that is what a lot of people call these things:
(Source: https://stockcharts.com/h-sc/ui)
We dipped all the way down to 322 but we closed up over 326, on large volume.
Looks like it was the second highest volume day we have seen in months, which is what you tend to see at or near bottoms.
Combine the big volume with the hammer candle and I think today was the lows for the US stock market.
Stocks bottoming would be good news for bitcoin and crypto as well.
Lets get this election over with so we can start going up again!