As noted in prior charts, we were due for a turn up. MACD is turning. So is stochastic. TD indicator is now at a solid Green 1 and should close today intact. We are breaking through the lowest fib resistance as this chart indicates.
1 hour chart (not shown) shows an RSI divergence for more upside.
AND, we just passed a major Gann indicator of quite a few astronomical timing events yesterday, April 2, which looks to have started a large uptrend, doing so practically to the minute. Last Gann indicated the bottom was in February.
All of this is good but I still say we need to get past 8250 for Bulls to be in charge. Since the TD indicator is at at Green 1 and can run for 7-8 more daily candles (no guarantee), we should easily breach this (once again no guarantees)
Oh and my title was not a song today because my reference was too obscure.
“And I say ‘Hi how you doin’? Is it really me or you that you believe in?”
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.