HEALTHY S&P?

It’s not where market is at the end of the day but what market does during the trading day – tells a lot about health of the market

I have been observing since many days that it takes tremendous energy by bears to bring S&P500 down (move against the trend) but it takes practically no energy for market to stage a comeback (in line with the trend). Today’s Intra-day movement was no different. Just look at the Emini chart below: 

Early morning: Huge Volume activity required to bring some correction. But then Buy the dips crowd came; and slowly and steadily with very low volume pulled the market up
Buy the dip crowd is active and natural direction of the market seems to be up. That’s why market is able to rally so much intra-day on so low volumes. If someone looks at the market end of day: Yes it was a Bearish day. But if you look at intra-day movement -the bias appears to be Bullish.