Although primary oscillators reflect an overbought status, there still might be more juice for another run up towards the $700 area. For the market to remain 'healthy', a retracement back to the 500s is something worth considering. Perhaps a 50% fibonacci nicely bouncing off the long-term bullish trendline?
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.