SPX500 - Buyers still showing up on the dips. For now!

Huge market moves over the last week or two in individual sessions. What does this tell us? That something is afoot for sure. The index isn't capable of holding onto new highs. Any new high is immediately reversed in dramatic fashion. So for now a watch is on critical levels and any new highs. The price did break below the parallel trendline but didn't follow through. So there is a distant possibility that the price action could turn into an ending diagonal. I'm on the sidelines for now. But it won't take long to play out I think. Just before or just after Xmas.