Global index moving is important to estimate the world economic and money movement. The last 2 weeks, we have seen the USD index moving downward and all indexes and commodity like Gold and Silver are trending upward. VIX (Fear Index) is now trading at 25 from peak 40 ( a few weeks ago).
All TA signals seen to be in favour of a bullish reversal. In general, we are marginally above those resistance (which turn Support) recently. A more stable upward momentum is when 14D MA volume is trading slight below 50D MA Volume. Those type of movement are favorable for upward gradual price movement.
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