i can't help but think that we're going to go higher due to the massive amounts of put interest.
mm can't give it to the bears this easily, and this recent formation looks like a 1-2 1-2 rather than a correction as of today.
so what i have displayed here would be wave 3 of wave 3 of wave 5 on a higher degree.
can't project further than this until i see confirmation of a few more data points.
i have posted my bear outlook the last few days, so here's the bullish bias just in case they want to keep this rally going.
mm can't give it to the bears this easily, and this recent formation looks like a 1-2 1-2 rather than a correction as of today.
so what i have displayed here would be wave 3 of wave 3 of wave 5 on a higher degree.
can't project further than this until i see confirmation of a few more data points.
i have posted my bear outlook the last few days, so here's the bullish bias just in case they want to keep this rally going.