I know its still too early to call a bottom but I thought I would do a quick post of what I would like to see as a good start.
If the SEC meeting today goes well, I can easily see a big buy day. If today's candle closes above $8,200 it should cause a major spike in volume and signal a strong rebound. That rebound, if it holds, would keep the secondary major trend line in tact and allow us to continue on a upward trend.
If the SEC meeting today goes well, I can easily see a big buy day. If today's candle closes above $8,200 it should cause a major spike in volume and signal a strong rebound. That rebound, if it holds, would keep the secondary major trend line in tact and allow us to continue on a upward trend.
Broke over $8,200 = CHECK
So far so good. Let's see if we can trade sideways for bit to build up some momentum and break out over $9,300.