Although just a shy bit from a real 7000 bottom like I predicted we got fairly close. This resurgence in buy volume could mean either the trading bots are back in action or more likely a lot of players waiting on the support have now entered. Whether or not this new volume can propel us back above the 50MA is up to the market and is unpredicatble from TA but I have a fairly bullish outlook on the situation at this moment.
If momentum continues we could very well push to retest 10000 anytime soon, but again just from looking at charts is mostly whimsicalities as I will continue to observe market behaviours.
If momentum continues we could very well push to retest 10000 anytime soon, but again just from looking at charts is mostly whimsicalities as I will continue to observe market behaviours.