Dear readers, S&P500 has jumped 5.2%, or 95 points from the intraday low of 1,812 on 20 Jan 2016 to close at 1,907 yesterday. Has market reached the bottom and is due for a V shape reversal, similar to Sep 2015? Read on to find out more… S&P500 Index Just to recap what I have mentioned on 9 Jan 2016 (read here), I wrote “the chart has turned bearish due to the formation of death crosses with rising ADX. In addition, S&P500 has broken a long term uptrend established since Nov 2011” –> S&P500 continued to display its bearish price performance by falling 110 points, or 5.7% from 1,922 on 8 Jan 2016 to an intraday low of 1,812 on 20 Jan 2016, before rebounding 5.2%, or 95 points to close at 1,907 on last Fri. I also mentioned “RSI has dipped to 29.7, ......