my previous post on the topic). Monday's menses reading of +$437 1000000 was clearly strong, in addition to that forcefulness was underscored past times the jibe of stocks making fresh 20-day highs vs. lows (1394 highs vs. 343 lows). (Note: both coin menses in addition to novel highs/lows are posted prior to each trading 24-hour interval via Twitter). The question, however, is whether forcefulness tin attract farther buying to sustain an intermediate-term rally.
As nosotros run into from the nautical chart of the Dow vs. the four-day moving average of coin menses (bottom chart), forays into positive menses territory convey tended to move brief since early on October. The proficient tidings for bulls is that the Nov lows, both inwards cost in addition to cumulative flow, convey held on final week's weakness. If nosotros tin sustain positive menses numbers from here, it would stand upwards for the root uptrend inwards menses since the stimulate of the market's decline. Influenza A virus subtype H5N1 furnish to fountain numbers would Pb me to aspect a furnish to recent rangebound action.
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