I can't agree with IBD on this one. Please read the comments in my prior posts. Volume was well below average even though the intraday volume action was bullish. Yet their main point is that we have yet to confirm an intermediate term downtrend, and that is certainly correct.
Regardless of a possible deepening of this correction. I still stand by my statements from April and May that the risk in this market is to the upside. Any shorting should be done with that in mind in terms of position sizing and targets.