I have seen people calling for 14K when we were trading at 18K, 19K, 20K......
Those are people unable to see the forest for the tree.
Bottom forming signs were everywhere reaching culmination with the FOMC reaction (referencing previous publication).
The price action response to the news was accumulation royal seal yet most were overly bearish, comfortable in their positions and got caught off guard.
Lets be clear, 28K is coming before 14K.
Most bearish scenario is CPI negative announcement with bear trap fuelling the rally to 28K.
I don't expect blow-off top type of rejection but slow and clean distribution if we reject from second fib levels.
Those are people unable to see the forest for the tree.
Bottom forming signs were everywhere reaching culmination with the FOMC reaction (referencing previous publication).
The price action response to the news was accumulation royal seal yet most were overly bearish, comfortable in their positions and got caught off guard.
Lets be clear, 28K is coming before 14K.
Most bearish scenario is CPI negative announcement with bear trap fuelling the rally to 28K.
I don't expect blow-off top type of rejection but slow and clean distribution if we reject from second fib levels.
