Since then, has exhibited a bull cross. The first one since December.
Why is this important?
Because that is a lagging indicator. It's does not pick up quick market movements very well. Therefore, it is much more indicative of a trend reversal than the prior two upward movements we've had this year.
Furthermore, the is close to signalling a trend reversal as well. If the DIs continue to move in a fashion a crossover would help confirm a reversal.
Lastly, we also have the Kijun working as support currently sitting at the 7.8k price point. This is another difference in support than what we've had. Although, Kijun has begun moving sideways and it could also mean some sideways market movement for a week or two.