Funny that the MACD is the only indicator here shown as very bullish
Chart Indicators
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VBu=Very Bullish, Bu=Bullish N=Neutral Be=Bearish, VBe=Very Bearish
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The rest show varying degrees of bearishness and neutrality. Also take note of the .33 level becoming resistance instead of support as we fall through that in todays trading.
So not sure how you can interpret from my postings today that I am "hyping" any bottoms here, these types of bottoms can be frustrating and are shown as quite bearish at more that one site I follow. What I do like when we are in this region is that it can take a lot of skill to nail a perfect bottom if you are on the fence waiting to buy. As I said before, we have to look at everything and for all we know it may trade sideways for a while until ISM can do something that garners interest from new investors and creates buying pressure and/or stems selling.
Trying to connect all the dots is part of the DD