I feel the need to clarify here...I do not disagree with you as it does look to be doing what you suggest. I just have a rule where I enter on the cross of the MA20 and I do not consider it bullish until this happens. This is one of my own quirky rules and this is what forms my opinion.
The cross of the MA5 and curl up of the indicators IS highly suggestive of a coming up-move but I require some other confirmations. May even get them tomorrow, who knows, but the MA 20 is what I want to see.
I see the MA20 as the next resistance which it can easily test from here IMO.
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