BCT Market CONFUSED
I thought it was too early to break trend resistance, but it seems the bulls have broke through. Now this could very well be a bulltrap, but I do see a similar bottoming as the last correction. However, I do still believe there will be another leg down. We tend to see much more selling pressure in the evening. If the break is true it should hold till tomorrow AM with a backtest. Retail investors have a little bit more money in their pockets these days, but we all know this will be the last round of stimulus. Whales may very well take is opportunity to take profits at the next ATH.
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