There's no way we're going down. I explained why in my previous chart.
To summarize, last year's drop is nothing if you consider a time frame of the last 8 years(from 2008). Look at bullish momentum on monthly chart.
It looks like that the chart hit bollinger bottom band and started continuing it's bullish push. This is a typical bollinger pattern.
As long as the current data's concerned, we're going UP.
To summarize, last year's drop is nothing if you consider a time frame of the last 8 years(from 2008). Look at bullish momentum on monthly chart.
It looks like that the chart hit bollinger bottom band and started continuing it's bullish push. This is a typical bollinger pattern.
As long as the current data's concerned, we're going UP.
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thescalpmaster
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