I have multiple confirmations for the short to last at least a few days or for the week. We have a bearish engulfing on a daily timeframe plus, we also have multiple bearish engulfing candles on the 4-hour chart after the monthly level was respected as resistance.
So one of two things is going to happen: this will be a pullback for another bull run, or we're about to do another nosedive to make a new lower low. Let's find out.
BULL TPS:
• 58096 .71
• 59603.93
• 61359.15
BEAR TPS:
• 55750.00
• 54364.99
• 52953.39