Last week's bull bounced off the 30 EMA, while the latest bear seems to be limited by it.
With the latest surge failing to recover at .618 fib, the .706 fib is crucial to the next few days. If trend continues downward, expect continued bouncing off the 30 EMA. If it can recover at .706, A bull rush has potential.
With the latest surge failing to recover at .618 fib, the .706 fib is crucial to the next few days. If trend continues downward, expect continued bouncing off the 30 EMA. If it can recover at .706, A bull rush has potential.