Simple Statement. It must close above the 50 for a bull run. However, it is breaching that level now and holding well.
MACD is getting stronger to the upside.
MACD is getting stronger to the upside.
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I have a hunch this will go to 12 this weekend. Monday will pop harder due to short covering for the shorts in the big markets.....just a hunch!
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OK, I missed the 12 handle this weekend. However, in US time there is 20 minutes.
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Here is the larger picture, the US markets will hiccup over the last three days action and short cover...It may not be dramatic but this will be the first time a "decentralized" manipulated (kinda like gold) commodity will bounce due to short covering. This is called the YOYO effect.....I could be wrong, but ancient wisdom leads me to believe the tulips are about to blossom this week. All other classes will trickle up. If you shorted.....Sorry!