Candlestick pattern wise, it looks pretty bullish. Breaking upwards for the week with a small marubozu. So bullish until further notice, and I would still be wary. Here is why... 1. Relative Price Monentum (RPM) is crossing downwards (although MACD is crossing up!) 2. Top 8 and Non-commercials Net positions are more bearish than week ago. Almost as if this current bull run is retail driven.
Let's see... bullish, cautiously and until confirmation seen for bear case.