Im currently long from just below 9500 but things can easily switch and break downwards. I believe the dip down to 9.2k was a nothing more than a retest and corection. Dips are healtny and if this market is deciding to switch into a bull market in the coming weeks i think as traders we should all really pay attention to the possibilties of the market going in either direction. Once we dipped to 9.2 we IMMEDIATELY went back to 9.4 and have been sideways here for hours & hours. I think 9.2 is support and 9.9 is the new resistance. Currently at 9495 which tells me this is headed back to 9.8 before any dip IF WE GET ONE. otherwise I'm thinking we see 10400 in the next day or so.
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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.