Reasons for the $320 bottom:
1) Most volume after the official Golden Cross was @ $320.
2) The latest week, Weekly candle closed green. This is important to close green.
3) The last 5 weeks, Weekly volume was increasing while price decreasing, hence divergences and smart money load up
4) Other reason, if SP500 goes lower, that would be a bear market, but...
SP500 broke the trend line but that happened many times before. It’s simply changing it’s slope. This bounce back shows a recovery back to $340-350 levels
