Change in Trend - S&P 500

The S&P 500 traded higher than last Thursday's high for three successive days, negating that day as a valid "day one". That makes yesterday a potential "day one" and not a confirmation. Readers should also be aware that we got "day ones" for both of these indices in June that appeared to be confirmed by volume but were not as there was no break between the "day ones" and confirmation, hence that all became one move and the attempt to turn trend at that time failed.