US market upadte --- 10/7/09 after close

Both Nasdaq and $SPX had small gain and closed right at downtrend line. The downtrend line is not taken out yet, so the semi-intermdediate trend is still down. Today's volume is lighter. On the other hand, there's no sign to see the bounce is done yet although some negative divergence is showing up on 60 min charts. Hopefully, we will know better tomorrow.