Morning folks,
As you understand all this rally and sentiment is based only on anticipation of BlackRock&Co ETF approvements from the SEC. Thus, recent volatility also has happened due to the same driving factor.
SEC said that Fidelity files are inadequate, but later releases commentaries that the file should be changed a bit and re-send.
As a result, on daily chart we've got two bullish grabbers, that suggest upward action at least to 31.5K top. Overall performance also suggests the same - market stands in tight pennant consolidation. Intraday performance is very choppy and stable. Usually this happens, when market prepares to challenge the top. Let's see