- Kind of 5 waves down in narrow channel where is little excess on the 11th.
- all against the 125d ema which retained 7times since Dec12.
- A great entry point if Santa claus rally is in from here.
- Although much lower than 6 days ago, this is still a high altitude buy signal.
- In May 2010, the FLASH CRASH happened on the exact same type of buy signal (which did not correct enough after 60points down from top)
So Yes buy signal but requires a tight and disciplined stop at 1970 because beyond that it could be inflexion of speed down with potentially 10% rather quickly.