Market has made a higher low on the 4 hr (and daily for matter) and trading strongly above the 50 day moving average. I feel this type of action usually this goes back to test the recent highs. Feels like we might get a brief pullback to test that breakout above the 50 dma first though.
Still feel we will test the ATH's from late 2021 before we get another significant downturn. The late 1960s and 1970s price action might be a good proxy. Test highs then fall and basically go nowhere over a long period of time.
Still feel we will test the ATH's from late 2021 before we get another significant downturn. The late 1960s and 1970s price action might be a good proxy. Test highs then fall and basically go nowhere over a long period of time.
Commentaire:
To be more specific...it might pullback to test that recent LH around 445.27. If it were to close below that on Wednesday 8/30. I will probably pull the plug.