EMA 200 hourly serves as good res so far. Once cleared, kaboom to the upside. Remember: The MBS dough isn‘t always put to work at the first day entirely.
This looks more and more like a bottom building process. Somehow the bear narrative seems to be that we already made a major top in go down from September on. Based on EW stuff or wottnot. Thing is: Since 2009 EVERY technical stuff, which is partly from the voodoo department, got killed and doesn‘t really work anymore.
We will make a new ATH before the election.