’s daily chart revealed that the bulls and the bears were trying to get an advantage over each other. The Exponential Moving Average Ribbon pointed out that the gap between the 20-day EMA and the 55-day EMA was minimal.
The MACD also told a similar story as the bulls and the bears were struggling to flip one another. The Relative Strength Index was resting in the neutral position, suggesting that the market could head anywhere. Nonetheless, the Chaikin Money Flow’s position was relatively high, increasing the chances for the bulls to be victorious.Subscribe to get it daily in your inbox.
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