IMUGENE CHART. TA only, page-13190

Sorry for delay Kano.

So, unlike that 10 min chart I posted earlier in the day for a bit of fun, nothing just reverses after a long trend and directly goes the other way.
So although it would be nice, don’t expect to see continuous green candles from here if in fact this is a trend reversal.
To me, what was resistance in the .255- .265 zone, now becomes support, so it would be healthy and still bullish if the SP came back and bounced off that zone a couple of times. To be honest if the SP played in the 26- 28 zone for a week of sessions it would be viewed as ready for the next leg up.

So technically what was resistance that now becomes support, needs to be tested to see how strong it is.
From today’s close, if the SP went back to say .24 then all bets are off and we need to start again as support failed. Don’t need that.

Hope this makes sense.

Cheers.