Market gapped up today at the open and trended upward on abnormally low volume. Bears had a good week and are taking a long weekend. A similar low volume move occurred around April 19 and had little follow through.
Most likely is a consolidation around this level before another leg lower. A gap fill in the next couple of days to 28.50 is also likely. A long play...
TL;DR - there is no reason to expect the bear trend is over.
Price remains below EMA, with EMA rejecting every attempt.
All recent bullish moves have been met with many sellers (note the extreme volume on relatively small bullish candles).
Price remains in the bearish channel established at the beginning of April.
Next level of support below the...
