Well, my hope that prices would swan-dive away from the broken trendline are denied — or at least delayed — as equity prices clamor back toward the underbelly of the broken trendline. We see that here with the S&P 500 e-mini futures.
And also with the NASDAQ.
There’s no particular news driving this (and, to be clear, the gains are modest, about a quarter of a percent overnight) but maybe the Jackson Hole event is lulling people into banging the 'buy' button again. All I know is that if selling does resume, it will tend to escalate extremely fast, so I’d rather be in position beforehand.