A.) The markets opened up a bit, sold-off to the 200 day EMA, rose to just about the 10 day EMA and then went back to the 20 day EMA -- all in a matter of the first hour.
B.) The market rallied, printing some strong bars until 10 AM CST.
C.) The market consolidated its gains in a bull market pennant pattern. After which it rose a bit more.
D.) Until half an hour before the close the market continued to use the EMAs for technical support.
The market sold off a bit at the end of trading but then regained ground.
On the daily chart, note that prices are above resistance and are now moving higher.
