The primary observation on this 3M, Daily chart is the persistent sideways movement of the market in the past 6 weeks. We have remained in a relatively narrow range. The final candle did finish to the upside which was a break in the trend in that the market had been down for seven days in a row. Perhaps the "rule of 7 & 3's" played a part if you are into numerology. The 10, 20, 30 Moving Averages are "tight".(Click chart to enlarge)
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