Weekly level rejection at 9300 strengthens the case for new swing lows. Getting above that 93-9500 area on the weekly would also be good news for long positions, on the way to new highs. Ideally, I'd like to see the 5800 lows lows get taken out, which would setup a downtrend much lower than 6K. Either way, no bias formed.
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Revisiting this one, because the weekly manage to reject the 9500 level, setting up to potentially take out the 6k lows targeting the 4Ks. It is also possible that we may find some support in the 6k range.
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Nothing has changed.
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I'm still waaaaaay ahead of the masses on this prediction. Vindication will be glorious.
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Almost time to be vindicated...
Trade closed: target reached:
:)
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If then...