After a steep sell-off, things are stabilizing. 9000 did end up being a significant level of resistance, as evidenced by the reversal near that level. On the bright side, we retested support at 7400 yesterday, 6/4/19, and it appears to be holding. Expect some chop, and perhaps some consolidation, considering we surged 80-100% in just two months.
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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.