email from good mate.---Chart is showing a possible upwards...

email from good mate.

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Chart is showing a possible upwards direction in SP, this can also be seen in the comparatively heavy buy stack in comparison to the thinning sell stack. The SP held up particularly well today in comparison to the rest of the market.

Today's candle is a doji coupled with a double bottom at 3.4c, signaling indecision of the buyers and sellers and a possible bullish reversal, tomorrow will confirm this. We have the Bollinger bands tightening to a pinch and the MACD crossing over and rising. A break of resistance at 4.4c would be signal of a very bullish uptrend.
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