CLF7 maintains bullish tone as 40-day SMA tested

Gains are keeping the market focused on further upside as prices build on the Morning Star Candlestick at the recent low while bullish readings persist on daily studies, including the 6- and 10-day SMAs. A push past the 40-day SMA, orange line, is needed to boost the bullish case. 

Dec 10 -year: Bearish trends remain active but mature

The strong selling of the past few weeks has advanced bearish readings on daily charts consistently, but signals are now well into mature readings that will be hard to maintain without fresh indications of additional momentum to the downside. A cross above the 10-day average would indicate that the bearish move has been neutralized.