If this isn't a bottom, it's pretty close. 5th wave could extend a bit, but it's at the bottom of the channel. Bounced off 11.7k, which is 50% retrace from Covid bottom and ATH. First target, top of the channel ~12.8k. Stop/loss 11.7k.
Below here, 10.5k is 61.8% retrace from Covid bottom; ~8k would be -50% from ATH. They're very possible, but I doubt it running straight there, from here. Expecting a short summer rally until July/August Opex. More big bear moves around Sept Trip Witch.
Below here, 10.5k is 61.8% retrace from Covid bottom; ~8k would be -50% from ATH. They're very possible, but I doubt it running straight there, from here. Expecting a short summer rally until July/August Opex. More big bear moves around Sept Trip Witch.
Comment:
Got close enough to target on long and closed it. Missed the short, but looking for some support here for another long.
