Outside day as well for the bulls.
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What a bipolar market but we shouldn't be surprised given the volatility the past week or two. After briefly opening lower at the open, the market reversed course off the green trendline as I mentioned in
yesterday's post.
The market coiled in a rising wedge pattern that eventually exploded to the upside.
The bulls won one today but they still have some work to do. Getting back over 1648 will be a start. This will put it over wave (I) or (A) and the 20 day SMA.
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| 3 Min |
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| 15 Min |
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| 60 Min |
A nice bounce off the lower TL again.
