People shorting right now are either stuck with a bearish bias or don't know what they are doing. The trend is your friend. I'm long since 8290. Holding till 9950. This isn't hard to understand. We accumulated (green box) under a monthly level (black level 7727) broke out and retested. Its not that hard to understand when we accumulate for almost 2 months we are going to pump for about as long. I'm bullish until 9950 where I will short, expecting some kind of rejection there. Could go all the way back to the monthly level we broke out of at 7727 but we will see. If we break 9950 I'm a bulltard. A clean break of 9950 is bullrun.
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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.