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Move below the lower Bollinger band remains intact while RSI...

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    Move below the lower Bollinger band remains intact while RSI still below 30 (28) but with more subtle lower-lows than previous while OBV maintains trend of tracking price. At risk of expulsion by decree what.png, I replotted the last 180 trading days of Bollinger output on a polynomial scale so as to dampen some of the statistical extremes for a view from another angle. Here a recent trend of merge of band trajectories can clearly be seen which for me is indicative of nearing of cessation of recent bearish cycle prior to reset and begin of the next. SP clearly maintaining its own missile like target arc however with no clear indications or confirmations of anything northbound at this stage. Stay safe one and all and enjoy the weekend. My opinion only of course! Till next week.

    https://hotcopper.com.au/data/attachments/6245/6245868-5a99ac4597146fd3c28341c25cf3409d.jpg

 
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