The 10-day moving average has pushed above the 21-day moving average today, a bullish sign and on that will prompt some ‘black box’ (trend-following systems) buying tomorrow if the cross is confirmed at tonight’s close.
The last two bullish crosses in the 10 and 21-day averages fizzled, it should be noted, but coupled with a “V-shaped” bottom, perhaps it will have more legs this time around.
