In order for stocks to be in a bull market, Central Banks have to step in and force the people to purchase shares buy destroying all other investment avenues. The Ponzi system is so roted with debt and fraud, natural market mean revisions must be avoided at all cost.
Today, according to ZeroHedge report, CHINA bankers have come out swinging: Bloomberg report on what is about to take place in China: "China’s stocks regulator will “actively” push pension and housing funds to begin investing in capital markets, and encourage long-term investors such as insurers and corporate pension plans to buy more shares."
This first chart is YANG, etf short China. I have circled a clear DOJI pattern; which in normal circumstance being at the bottom of the BBands, would begin to peak my buy interest. DOJI is defined as: Doji is a particular signal showing indecision about the direction of the market and it represents a tug of war between buyers and sellers.
So, in other words, what was a strong downtrend, found an equal footing between buyers and sellers, or price discovery. But after today's CHINA news, forcing retirement funds to buy over leveraged, worthless stocks, it doesn't take to much guess work to see which way this will be resolved.
In this case, the "diminished power and enthusiasm of sellers" is being forced by Ponzi scheming Bankers who are intent on beating the house; the house being the natural order of markets.