WE ARE REVERSING TO THE UPSIDE!!!!!!!
As stated in past charts, we finished the 9 count down and are waiting for the 1 to the upside to start. But in the meantime, we now have the turning up which confirmed the which had already turned.
We clearly need to see a close above 9400 in the next few days for the bulls to be in charge and once that is done, we will see higher prices that will take us to 12k easily, and then we can see just how high this baby will go. I think that once we see 11.5k, we will be in a pretty good place to watch things unfold into the end of the year.
I'd like to see that 50 MA turn up. If we continue with this path, it should and that will make things a lot easier.
This video was an excellent analysis with which confirms my findings. He's worth following.