I tend to look at RSI and volume, especially historic price+volume as an indicator.
RSI sometime back turned below 30, I think its a good signal that the correction is nearing its end...
Would like to know others thoughts...
Though the bears may try again, but the pullback from 7960$ was with really high volumes, I dont think they can break through, but this is life anything can happen!
The next support will be 7800 in that case. But overall I think bears will have a really hard time now at every stage.
God bless us all!