I am expecting a bit more movement up into a the overhead sell zone which should results in sellers taking us lower down in to the 270's. Once we reach the 270s I expect longer term bulls to step in and lead us to up into the 380's. It is very likely bullishness will take us to new highs from there and which point some FOMO kicks in and a before we know its we hit 900 area at which point I expect a pause.
Note
Just recently hit the buy zone. Let's see what buyers do here.Note
Buyers came in heavy. Really need to break overhead short to confirm the buy zone bounce we got
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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.