This is exactly what you want to see if you are a bull. A STRONG bounce as prices touch the 200 day moving average:
________________________
After breaking some key levels this morning, it seemed like a lay up trade for the bears. Shorts have to be feeling some pain after this move. I must admit, I myself, thought we were heading lower after breaking back below 1400. But, we got the 200 day touch and the bulls showed up in numbers. Bullish.
I’ll be back in a bit with some screens.
If you enjoy the content at iBankCoin, please follow us on Twitter
Only me seeing bear flags ??