6950ish
Commentaire:
Note, I am by no means a Gann expert, so go easy on me.
Commentaire:
Targetting lower now in the low to mid 6's. 6400 seems about right. I don't think this current rally is going to get above 7700 or we've already topped. Currently running into 50 weekly MA resistance.
Commentaire:
That's the fractal from feb 5th btw. Don't get me wrong, there are a lot of reasons to be bullish. Those are easy to see. I'm just trying to hedge my bias.
Buying pressure is strong, most of the selling pressure is synthetic. I think maybe all the people going long right now get bull trapped on the 4th wave, and then we get our capitulation pushing price into the institutional limit orders.