If you look at the MACD from previous periods it looks like, comparing to previous MACD bull runs, we are just getting started. Todays sell of was definitely one to scare off the bulls but we are hitting resistance and going to recover
if you look at the 4 hour MACD we are barely going to flip the MACD to bullish and the AO indicator is already showing signs of bullish movement
Plus we still have to close the gap made right before the drop of Feb 19 around the $330 area
IF there is a real sell off it might be when we hit the $330 level soon or around August
@activechamp06, Vaccine pump now....typical. Probably will fill that gap
aaronsmth5
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Shoot we are going to fill that gap this week maybe
FullBurner
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You'd be a fool to short this. You only have to look at the amount of cash injected into the economy and then the AAII Sentiment. This plays out the same way every time folks. WE ARE DRIVEN BY MONETARY FACTORS, EVERY THING ELSE IS NOISE!