Switching between weekly and monthly TF's tells a more cautionary tale:
- weekly it has double typed with a huge spike in followed by Dismal
- monthly it broke upwards. Which is good.. Orrrr is it? Based on tend It could also be a B wave and waiting for 20-28% correction C wave with divergent on the
On both time frames it has recently completed 5th waves
Weekly it may have already drawn an abc correction and started anew and is waiting for to push it through resistance
monthly it is above the weekly . Will it turn it into support and follow a new channel to an extension?
Overall I am thinking it is on a tight leash and which ever way could have real consequences.. We are in the longest housing bull market in decades.. Interesting times.