The market continues to hold above the last August low. The SP500 opened strong, then it faded as the A/D line started to reverse and went negative. Downside momentum dominated throughout the session until the last hour of trading, then the A/D started to reverse a bit and the tick started to show some buying coming into the market. The SPX printed an inside bar spinning top candle, showing indecision. For the non-short term traders, one might consider staying on the sideline until the market give more clarify on its near term intention.
Here you can see the rotation of the A/D and U/DVOL in the closing hour to push the SPX back to close near unchanged.
click on the chart to enlarge
And the SPX daily price chart highlighted the price action on how it is holding on to the August level for support.
