Observing trend lines, supports, and intersections therein. This bull has no resistance to speculate on.
Comment:
Pretty much just riding the top of the triangle I have drawn. Not a bad place to range before a break up, or we will face significant downward movement toward the middle/bottom of the triangle. In either scenario, I still expect an impulse above the triangle before we face the real recession.
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Break below the triangle and I am bearish. Inside or above and I am bullish.
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We are very close to my target for a large recession, the bottom line of my triangle. I'm in gold, holding dividends, and trading bitcoin. Cov-19 will be worse than most are publically anticipating.
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At about 2640 I'm calling for an extended recession. Trading crypto in this market, holding gold/dividends/stacking cash. Good luck friends.
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Recession target = 1530
The recession is here.
The recession is here.