Let me be honest with you guys, I want this to go past 20k just as much as you do. But when we quickly allow ourselves to step away from being emotional (and greedy), we can assess the facts with just enough reason to not get hurt.
Yes. Longs may get their retest towards 9.3k (maybe even 9.5k or more), I agree it's very likely now with the latest positive candle charge. But when you observe the rest of it, there is an inevitable massive correction YTD forward. I have analyzed every logarithmic interval – from monthly to hourly – and the only outcome I'm able to come up with is negative by clear proportions. I really don't mind all the naysayers, that's fine. But instead of assessing quick-trends with the daily and weekly intervals, you should worry about not missing out on the general direction found exclusively on the monthly.
I rest my case.
(lines and connections have been averaged on step-line over log / formations have been readjusted and confirmed throughout the intervals)
I agree with your assessment.