Well that was a doozy!
As anticipated, news threw all technicals out the window and pushed price up over 1000 points in 2 hours at the time of this writing.
With this new push up we will see where price goes during Asian and London session but it price forms a support at this new 34000 area then potentially we may be looking at a further push up to retest previous levels of support/resistance heading towards 35000.
If not, price may run out of gas in this 34000 area and then look to continue the push down to approximately the 33000 or 32500 levels.
Have a good night and see you before NY session tomorrow morning!
As anticipated, news threw all technicals out the window and pushed price up over 1000 points in 2 hours at the time of this writing.
With this new push up we will see where price goes during Asian and London session but it price forms a support at this new 34000 area then potentially we may be looking at a further push up to retest previous levels of support/resistance heading towards 35000.
If not, price may run out of gas in this 34000 area and then look to continue the push down to approximately the 33000 or 32500 levels.
Have a good night and see you before NY session tomorrow morning!