The six month regression shows a constant drop (as does the one year), with a slightly smaller angle starting at the one month period. However, beginning 9/12, the angle has turned upward. There are several periods that point to a possibly breakout, and a nice fib-trend triangle indicating continued upward movement. Looking at the the DMI, it has been a very long time since the buys were above the MACD or the sells. Now the buys are just above the MACD. At the same time, the level of trading has dropped, so we may see a plateau for a while, unless the bulls start pushing hard.
Comment:
Should have said buys are way above the MACD for the moment.