Bulls are looking to form a massive bullish engulfing on the daily pushing off the lower Bollinger band support - needs a break of $1960.20 for this to come to fruition. Two previous outside reversals on the daily near these same key levels (~$1940) tells me this is accumulation happening, as markets prepare for another attempt at a blue sky breakout. RSI and MACD both curling upward to confirm the continuation of the uptrend.
Bulls are looking to form a massive bullish engulfing on the daily pushing off the lower Bollinger band support - needs a break of $1960.20 for this to come to fruition. Two previous outside reversals on the daily near these same key levels (~$1940) tells me this is accumulation happening, as markets prepare for another attempt at a blue sky breakout. RSI and MACD both curling upward to confirm the continuation of the uptrend.