"Bears Don't Stay in Hibernation Forever"
2D, 10m. - Apr. 20 - Gap down on the back of very weak internals. To the contrary the MACD is bullish (divergent indicator).
20D, 2 Hour - Apr. 20 - Intermediate Bullish Trend now punctuated by a shorter term Bear move. Near term outlook is bearish but high possibility of a Bounce to the upside.
3M, Daily - Apr. 20 - Long term charts are an absolute necessity for market perspective. The Bear Market Rally continues but has been interrupted by a pull back or correction. How far this will go is a big question. The 82 area on the SPY is a good possibility. Support can be expected at the next Low.
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