Are we about to see the formation of a true golden cross which is the bullish crossing of the 200dMA by the 100dMA?
"A real, true golden cross — a very Japanese signal — occurs when a rising 100-day moving average crosses above a flat or rising 200-day moving average. It signals positive price action." Goola Warden, The EDGE.
The 200d MA in this case is still declining. So, the case for a