You want a real suggestion on what will happen, look at the daily timeframe, and the wicks they are leaving behind. Above all, remember the multiple days last week where news that was considered 'bad' was reported, the market dropped throughout the day on that given day. BUT, by the end of the day it would either be positive or from -2% to -0.3%. This simply tells you that lots of babies are getting in/ switching from short to long positions, which further means the likelyhood of a bounce and a retest of at least 12400, possibly 13000 is likely this month. Very simple
Comment:
looking very bullish, likely to continue for a few days. Opened long positions when it was up 2% expecting 3% (very bold, especially in bear market) and it hit.