As noted in prior charts, we were due for a turn up. MACD is turning. So is stochastic. TD indicator is now at a solid Green 1 and should close today intact. We are breaking through the lowest fib resistance as this chart indicates.
1 hour chart (not shown) shows an RSI divergence for more upside.
AND, we just passed a major Gann indicator of quite a few astronomical timing events yesterday, April 2, which looks to have started a large uptrend, doing so practically to the minute. Last Gann indicated the bottom was in February.
All of this is good but I still say we need to get past 8250 for Bulls to be in charge. Since the TD indicator is at at Green 1 and can run for 7-8 more daily candles (no guarantee), we should easily breach this (once again no guarantees)
Oh and my title was not a song today because my reference was too obscure.
“And I say ‘Hi how you doin’? Is it really me or you that you believe in?”