OK now we're clearly over the 18ma and 3700 - bullish. The weekly candle reversal "hints" were correct. Any dip today or tomorrow will likely get bought up. Maybe we retest the 18ma on daily again, if so I think it's a buy (3680-3700 area). Either way I expect the rally to continue to 3920 area into next week (that's the 18ma weekly). Daily BB is at 3814 so if we just keep going up today, there will be some resistance there. Good luck!
Comment
⋅
THe DOllar is in this wedge structure, a rally back up may pull back the indexes
Comment
⋅
we may have a correction to start the day, again I think any good pullback is buy
Comment
⋅
If we do pullback to 3680 area it would be a retest of the channel breakout. Best to be patient as usual.
Closed again at resistance. Breakdown, retest and continuation. Is it still a short ?
the_sunship
⋅
@Raahuls it doesn't look like a short at this point but we're close to upper bb target so I'm just going to wait and see what happens. djt daily candle is telling me to be cautious here.