Here is a longer outlook for the summer. I think we still have a small bump up to the into mid 600's, then we step our way down to a low around ~420. July and August look like consolidation months to fuel the rocket for the fall!
Note
Down again we go for the, hopefully, final leg down. Target between 400 - 420.
Note
We've just hit 420. A few bounces here will most likely drop us a bit further to hit the trend line, which right now is sitting at ~400.
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Disclaimer
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.