We got the bounce off the 20sma we were looking for, as described in the previous post. In fact, we gapped up a little at the open and pretty much went up from there. Nice bullish price action.
We closed the day over the 8ema on strong volume. We could just drift sideways for a while from here, but looking to the left (off today's chart) you can see this has been much more of a trending market than a sideways market.
So, we shook off the bearish feel from the previous few trading days, and stayed in the trade.
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