If you are familiar with Elliott Waves, you will notice that recent "down-up" move looks like the first one was impulsive and second one looks like corrective wave. Next move has to be impulsive, if so that means that correction, started from 11/05 is impulsive too. So the probability, that just started 5th wave to finish Primary 1 is growing (primary counting in pink).
Also worth to mention, that latest MACD extreme point apears to be in the same level as in 09/19/2008. After that we saw huge sell-of.
Financial sector did too big rebound from march lows. Thats not the case in bottoming process. I mean usually thous sectors witch led to bear market recovers almost the last. So, if this is just bear market rally (I personally have no doubt about it), financial sector should lead sell-of. Soon we will see.
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