Just a single indicator hunch but the 5 day EMA has been proving as a strong support over the past week of rallying. I would say the bear market rally is not going to give up as easily as some are expecting it to.
Note
It appears that this call did not work out, but on 4/3 we took a heavy turn upwards, which can be seen in the idea I published after this one.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.