I couldn't find a chart thread so here goes. It looks like we had a descending wedge with a breakout in play right now.
The SP is sitting above the 50 day EMA after some time and fast approaching the 200EMA.
The downtrend line starting an April looks to have broken
Overall chart looks like this could be the start of a turnaround.
The SP is approaching the first major resistance around the $6.5 - $6.6 mark and then another major resistance around $8. I would love to see some consolidation around the $8 mark (above the 200 EMA)
@h00ts what are your thoughts?
AVH charting perspective, page-265
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