Where are we headed?
Updated
IXIC - The following screenshot is from the year 2000, the turn of the millennium. This looks familiar, doesn't it? The mega run-up, breaking major support lines, panic, then a giant bullish weekly candle pulling us back to the moving averages. Looks very very similar to our current chart, doesn't it?This move up and sideways could last for months and leave us blindsided, but the developments will unfold slowly enough to catch anyone off guard. Of course, we could keep trending sideways or higher for the rest of the year even, but don't be mistaken, this up move can't go on forever.
Note
Posted the chart in the comments since I'm unable to update the idea with the reference chart for some reason.
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