We are probably a little further on than what the permabears believe, but yet we are not out of the woods just yet.
The fractal of 2014 is erily similar on the weekly MA and RSI.
My analysis suggests we get rejected off the 50 MA, retest the 200 MA for a "double bottom" (with a large wick) and a new bull market is born.
#BLX chart via www.tradingview.com ...
