On the Bright Side
Lots to like here:
1…50 Day Simple Moving Average has been THE one
2…Last years rally Started with 2 gaps ( which have never been filled)
3…Last years rally hit overbought TSI reading after just two weeks . then a negative divergence which fortold of the subsequent drop. Thus year we are starting from a much lower TSI indicator with room to run after 2 weeks.
4…Breakout Gap negates the neckline of Doom !
Exactly, welcome to the “bright side”…
https://www.kimblechartingsolutions.com/wp-content/uploads/2017/01/spx-gold-bugs-ratio-potential-topping-pattern-jan-5-2016.jpg
So far, so good 🙂