The bulls have shown their interest yet again.
So far when there has been a move into the lower green box, the 200 day is also in that zone, the bulls have clearly shown their hand by buying the weakness. The bear’s momentum is lost in this zone.
….And the week ends around where it started, last week was up → down and this past week down → up. Trendless, sideways etc.
What can we take away though, if anything? If the test in the bottom green box was a “bear failure” then there needs to be some…
Little changed this past week!
The bulls moved into the upper half of the range and with the move higher each day, it was time for the bears to have their chance and the week ended back at ± the mid point of the range around the pink line on the chart.