falling knife, time for a chart update please, page-8

@birmingham

how do you arrive at your bearish conclusion? looking at the chart i see solid volume yesterday with price closing close the the high of the bar...to me it looks like the SP is going up because there is not enough supply, isn’t this a bullish sign? in other in other words even though the SP went up 10% there were not that many sellers ready to take these prices...

for a bearish sign i would expect bigger volume but the closing price well off its high finishing somewhere towards the bottom of the bar

i would like to learn something here (as i find the demand/supply TA intriguing) so pls correct me if i’m wrong