The IYG chart came down on washout volume and hit the lows with a glaring bullish diverged RSI reading. The bounce up came on ever increasing volume and reached it's RSI signal objective. Now a head and shoulders bottom pattern has emerged with confirming heavy volume on the break of the neck line. Momentum continues to press higher and the combo of covering shorts, government manipulation, cooked bank earnings and dumb money coming off the sidelines will see this pattern reach it's objective at 51ish which falls at the 200 day mva area. That is the point where I will get short again.
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