My first attempt to add charts on my blog, hope it helps.
EOD charts points to an ascending price channel (you may call it an ascending wedge/triangle whatever depending on how you see it). The prices have been swinging in this channel since October lows were made which is common whenever the markets are trying to establish a base, this often indicates the fall is over (or temporarily withheld) and markets would try and consolidate. This period can be followed by a fierce rally or a fall on either side hence be watchful of this channel breakout (i.e two consecutive EOD candle close on either side) as and when it happens.
Technically, MACD is still in negative zone, prices below 50EMA and 22 EMA (bearish) however RSEX is gradually showing bullish signs atleast till now. So my shorts can be in danger !!
Cheers
SH
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