3/2 Recap. We Bounced Where We Had To

A textbook bounce right at the uptrend on the SPY, look at the magic line doing what it does. The bulls are back in control, for now, we put in a bullish engulfing, assuming it closes here in 30 minutes.

Look at this, a bullish engulfing is such because it tests lower and closes higher than the previous candle signaling buyers stepped in and bought up th…