Short

Parabolic Pullback around 6600

Updated

(I) would expect a pullback around 6600 if my lines are accurately predicting the parabolic increase up to the black resistance line from last year, right before the bubble. Levels to cost average buy are 5200, 4600, and finally 3500; but I'd have to look a little longer to confirm those levels.

Trade closed: target reached

Hopefully the 66k line will better reflect a support in the weeks to come rather than a resistance.

Trade active

Decent beginning. look for 6.6k to hold

Trade closed: stop reached

6600 held during the flash crash. Back up to 8k now

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