If we stick to the dow theory, there is one hypothesis which is plausible atm. we had a 250 (8 months) days bear market this a normal length for a primary market (9 month to 2 years). We had constant lower high and lower low however the last one was a higher low, failing to create another lower low. This has partially broken the bear structure, which is half of a reversal sign. Also volume lately has started to expand which is usually bullish. If we manage to break over the previous peak that will sign the reversal and the start of a new bull market. However i personally believe it will probably hit 7800 max to than retrace back and accumulate for sometime around 5.7k and 6.4k which would be healthier. If it will take out the 5.7k than guys we may still have 6-9 months of bear market ahead. Also by definition a primary trend consist of five intermediate trends, 3 ,part of the prevailing trend and 2 are counter to the trend. I am not saying it will happen for sure, but this is a by the book interpretation.
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