I apparently forgot the #1 rule in investing that has remained true since the financial crisis: don't bet against global central banks and their ability to maintain economic(stock) expansion. The PBOC has injected enough liquidity during this coronavirus outbreak to ease all trader fears of a market decline which has led to price filling the gap that was created around the Chinese New Year, and as of last night have now moved price back above the 61.8% fibonacci retracement level.
Both lower indicators are leaning bullish with a fresh bull cross in the PPO and an RSI that looks ready to move back into bullish territory above the 50 level.
Both lower indicators are leaning bullish with a fresh bull cross in the PPO and an RSI that looks ready to move back into bullish territory above the 50 level.