Bit of a short covering rally, the sweep down, tick down seller seems to have faded and id say a couple of short term algo funds are covering as the SP pops above the 21 day and 50 day MA, as they cross should lead to further short covering until the longer 50/100 DMA and 100/200 DMA cross over. Not expecting a large bump up in SP unless there is a funding announcement, but much like Nickel, we look to be rounding out for a bottom.
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Bit of a short covering rally, the sweep down, tick down seller...
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