Well there you have it! A 12.5% bounce off the support line with divergence ending the weekly chart with a hammer candle, almost like it was by design...
On the daily chart SP came back into the bollinger band and is now sitting right on the 8sma just above the 8ema. The RSI bounced out of the oversold area, the MACD shows early signs of a possible change in direction, volume has been slightly up in the last 4 sessions, market depth is looking a little bit better...
the last few weeks have been hard to watch but todays trade is what I was hoping to see at these levels. We are in a bit of a Schrödinger's cat scenario now lol
Have a good weekend everyone, hopefully a good week coming next week
BLG chart, page-891
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