Every equity index was down at the 16:00 ET close today. If you average out the percentages its about .5% down. Meanwhile Paypal closed about .5% up. That's Bullish relative strength.
We're still under the 8ema, and every other Moving Average on the Daily chart above, so we're not out of the woods yet. We didn't form a candlestick pattern but we did make a green candle and closed over the 161.8% Fibonacci extension on both the green and yellow ranges.
If we continue upward from here, we'll be making a higher low, which is Bullish. We could even form a Bullish Inverted Head and Shoulders pattern, but I'm getting ahead of myself.
For now, I think the best decision is to hold our Bullish position.
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