The bulls want to push the market higher while the bear wants a 2nd leg down on the daily. PA loses 20EMA then reverses up and we are approaching September where catalyst will help push the market to create new highs. We may retrace from here then move up. My bias is super bullish however not eliminating the potential of a small retracement. i.e. 50% retracement then pushes up. Just my thought process. Cheers
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.