Expect a retest of the accumulation neckline (the blue lines) in the upper .20s. This is a condition that was met with precision in the previous two cycles before launch. If it’s like 2020 it could just be quick daily wick. Resistance above this level is paper thin and will be crushed on the ride back up if demand shows up at the neckline. I don’t know how, I...
Closing in on first weekly golden cross in nearly 4 years, golden cross also brewing on daily. Has to hold above the 200 MA until the 50 catches up or this could get ugly. No price targets - this chart is for people the betting on market trends. My timeline is from election day (doesn't matter who wins) until end of Q1 FOMC. For anyone hung up on market cap: ...