Crazy parabolic move until now, google trend is approaching the latest tops, whales are selling like crazy, I think we are about to end a bull-cycle, the next bear cycle is going to be bloody one, because we are at all time high in open interest at the futures market, the market makers do not have a ton of short at the next levels(20-23K), but without any doubt they have an all time high in OI for liquidate the bull contracts for the downside moves to come, prepare for the dark winter.
Commentaire:
Like I said, head and shoulders is formed as for now, we are heading down to the 13k levels.