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We Broke Through a Technical Level

You can see on the graph above that we broke through the 20 day moving average to the upside – that is a good thing.

Also, the MACD after breaking into positive territory yesterday is moving nicely upward – that is a good thing.

And, the Relative Strength Indicator is doing its best to move above 50.

Bottoming out of a bear market or a crash is a process, and this one seems to be bottoming.

We are due to have a down day, but as long as the technicals continue to move positive, the bottoming process will continue.

Mark