1. Lows of today and 20apr can be connected with lows on 24march! (bullish triangle?),
2. Todays trading held just above the 75% retracement of apr 21-27th rally,
3. yesterdays' highs were more than 75% retracement of initial April decline
Meanwhile, the 10min charts clearly show many positive divergences on momentum indicators (ROC, RSI, MOM, MACD ?).
Bears have been BBQ'ing again but Bulls have not yet given up! Charts seem to indicate (at least to me) that there might be good (last) support at these levels (just below YM=10300). Those levels should, however, not be breached decisively)
CM, I would be interested to hear your view on current state of affairs. i still enjoy your charts. Shame that the following has dried up a little.