This is the beginning of a trend reversal. It might not pull through this time but the bull pressure is building 
the bulls have been gathering for a couple of weeks now, soon they'll all storm and trample those bears and make them hide in their caves and cry for a couple of months and then the whole process will repeat itself again.
I disagree what bulls? No new money is coming in from anywhere.
You base that on what? Lack of announcement?
I am definitely a buyer anywhere in the $400s