Ya i totally agree but with how this has been moving every dip if you can call 5% down move a dip is getting bought up quickly. I bet if we don't fall here we will pierce 30k possibly and may have a quick green candle above it giving elusion we will keep pumping past 30k for fake out selloff to happen. Do you think we ever test the old breakout at like 19,900/old all time high for 2017? Thanks For Your Analysis
vicodd
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@jonathonsnell23, Thanks for your reply. I wouldn't be surprised if we eventually retest 14,000 level before the next leg up. It makes sense that it would bounce at !9,900 level first though, whether or not the 14,000 level is eventually revisited.
If the dollar index keeps showing weakness, however, who knows what could happen.
I think you may be right about a fake out past 30k. I think a lot of people would agree with you on that. I think a lot of people are seeking an opportunity to go short.