To me it looks like we are heading back down after this fake rally, if you have seen the Wall-street cheat sheet, you'd know that we are in the midpoint of Euphoria and Complacency.
From my own little TA with the help of the Super-Guppy, I can see us dropping down to the profit zone, which is seen as a 200day Monthly suppor, where we have bounced from there before in the last GFC.
Also to note that there was the previous resistance point there we consolidated for a while before breaking through.Therefore will be our new support.
If that breaks through, then IDK, what's your thoughts?
From my own little TA with the help of the Super-Guppy, I can see us dropping down to the profit zone, which is seen as a 200day Monthly suppor, where we have bounced from there before in the last GFC.
Also to note that there was the previous resistance point there we consolidated for a while before breaking through.Therefore will be our new support.
If that breaks through, then IDK, what's your thoughts?