I've been following this one as well. We've had the auto reaction and low volume test after a threatening bar with no follow through. As it moves to the right side of the trading range we should watch for a probe under support as a shake out of those holding out in hope, and see if it pops back above support. If it goes up before the SM is finished with it, the up move may not be supported and it will drift down again. Those on the left still in hope may use a rise as an opportunity to get out. It needs a sign of strength to create change into an up trend.
IMO.
