here is my 2 cents (or less) worth:
weekly:
*/ The November 26/27 plunge stopped at the long-term up-trend line. Since then it has been trading significantly above that line.
daily:
*/ since the plunge we have had 4 higher lows.
*/ we have also had 2 higher highs and after that the 50DMA has provided resistance showing signs of a pennant formation.
*/ if sp breaks through 50DMA it should run again with a target of well above 50cps.
