The Good and Bad
1. The pull back can be deep -40% down to the 40K range ... Extreme i know but this is if History repeats with a chart.
2. I am looking for some patterns or catalysts for the blow off top action. It will take some serious pump to reach these higher numbers.
3. When it rockets 115 - 120K is the first resistance zone i see .. depending on the greed and Euphoria it may not even pause.. then look for that to be support.
How this plays out.
1. In about 19 weeks we should be very close to touching the Ichimoku Cloud on the pull back into the cyclical summer time correction.
2. as long as it does not penetrate the cloud with a closing bar we should ride up wards as we close in on the Election and the fall buying frenzy.
3. If there is no legal fights on the election and Trump wins I can see this rocketing wayyy higher than most image.
Not to be political but policies and politics do play a part in the markets.
1. The pull back can be deep -40% down to the 40K range ... Extreme i know but this is if History repeats with a chart.
2. I am looking for some patterns or catalysts for the blow off top action. It will take some serious pump to reach these higher numbers.
3. When it rockets 115 - 120K is the first resistance zone i see .. depending on the greed and Euphoria it may not even pause.. then look for that to be support.
How this plays out.
1. In about 19 weeks we should be very close to touching the Ichimoku Cloud on the pull back into the cyclical summer time correction.
2. as long as it does not penetrate the cloud with a closing bar we should ride up wards as we close in on the Election and the fall buying frenzy.
3. If there is no legal fights on the election and Trump wins I can see this rocketing wayyy higher than most image.
Not to be political but policies and politics do play a part in the markets.
Comment:
Thank you so kindly for all the new support and followers.
