updated chart, page-2276

Agree, charts don’t lie but how you read and interpret them does.

Lets take a second and go over your chart. Yes it’s valid but you have a wick only trend line therefore it carries less weight but the real down trend began well before you started that one. Like me, you’re obviously a fan of Bollie Bands where you can see all 3 levels wicking upwards and most importantly the SP transitioning from the downtrend half of the median line to the uptrend half. And finally you’ve had over two weeks of higher highs and higher lows.

Man, you’ve gotta see those indicators on your chart as bullish or we all may as well give TA away. ( not a bad idea really haha) Or at least this reversal is bullish until the indicators tell us it’s not.

Folks IMO while the SP remains in the top half of Bollie Bands the trend will always be bullish. Why you ask? It’s because the SP is going up, plain and simple.
If and when the SP transitions back to the lower half of Bollies then we need to revisit it.

But for those playing at home, stick some Bollie bands on a basic chart with nothing else and follow it.
Should look like this below.

Cheers.