3w stair-stepping to 40k-42k WHERE SMART MONEY IS ACCUMULATING
If this is a repeat of Jan 8, we entered into a 3 week stair-step to 50-60 day EMA. 40k is rock solid support. Perhaps Yellin is helping big institution get in at a good position. This may last for 3 weeks, but more likely it will be quicker this time. Follow the smart money and spread your buy orders around 40-43. This will be a springboard to the high 90k's in the short term.
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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.