Since the end of July, the SMA-120 line has reversed upward after a prolonged bearish trend and has reached the zero axis.
A similar attempt a week ago failed. The market has now transitioned from an aggressive bearish pressure phase to a neutral bullish phase.
If the SMA-120 can maintain its position above the zero axis in the next two days, this trend reversal will be confirmed.
It seems the market is starting a wave of explosive growth; whether it can sustain this or if it will be fleeting remains unknown.
Time will tell us the answer.