This is a beautiful weekly candle if the bulls can close it. Should get a nice run into the $10K region AT LEAST. The bottom may not be in yet, but we are getting close, IMO ...
Trade closed: stop reached:
Got rejected at 200 day MA and 90 period MA on 4 he chart...not looking so hot, let's wait this out on the sidelines and see if we can close the week above $7906.
This trade will become active if we close the week above $7906. Still super sketchy, but hey, that's what traders do, we get paid to take calculated risks.
So far, so good...Bias is STILL to the upside for the moment, but we could see some fireworks either way in this $11.5K area. Either way will create some MONSTER trading opportunities so, BE READY.