The technicals are practically writing the news themselves . . ChatGPT in the HOUSE!?!? . . maybe ;
I'm not gonna get into a lot of detail but Bitty CME has a sick bottom gap that HAS to fill, eventually and as Bitty goes so goes the rest of 'em. I plotted a possible entry / firesale level buy op about two weeks before this ridonculus pomp and then watched the news support the price action. Between Lawsuits, CFTC, adjudications, Gary and his crusty shekel band of blowholes, etc., it's like a reverse 4th of Ju ly.
So have fun with it and please consider hedging, spread risk, DCA, and grid into positions. Bottom fishing and top spotting can be tricky for the "all-in" guys.
@powerroad1, lol . . caveat though, I'm thinking they're (Brad & Gary) probably high fiving each other at the bar mitzvah but you didn't hear that from me ;)
SwallowPremium
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Thanks for the quality explanation, good analysis. Thanks for sharing!
FudBox
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@SwallowPremium, Yeah fo sho, always glad to drop some 411 on ya :)