Things to note:
moving average cross in small purple circle presently coming.
ABOVE THE 20/50 period moving average!
high on daily and can go higher according to past.
Look at December on the left. The moving average cross and high did well. This might pan out same now.
What happened on March 10-12th? The 50 moving average acted as resistance and the 20 was below 50 so it was a clear bear market.
I drew fan lines for resistance. Check out John J. Murphy's TA book on this. I excpect to consolidate and restest the highest fan line resistance. IF WE BOUNCE OFF THE 20-50 to the upside bear market is over and moon boots time!
WHAT'S DIFFERENT THIS TIME????
. is second in importance next to PRICE in TA. We had a HUGE boost in to kick off the rally, right now it is anemic in comparison. If we break through the .618 fib level then everyone might wake up to this.
Red lines are support that is now resistance...