Important Support Held and the Market is Back in Bull Rally Mode.
2 Day, 15 min. - Oct. 5 - Strong Internals supported a bounce rebound off 50 Day MA. It will be important to see strong Bull support follow through.
20 Day, 2 Hour - Oct. 5 - Correction bounced off support and the action is back in the Channel to the upside. Highlighted spots indicate important points of interest.
3 Month, Daily - Oct. 5 - Support at Trend line is demonstrated. Failure at this junction could have led to a move lower. Now the move appears to be UP.
1 Year, Weekly - Oct. 5 - Bullish Channel Trend shows support at base. Support has held. Bullish follow up is important to convince skeptics that the rally is still in force.
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