Momentum still favoring the bulls post-break of the red trend line. Look for 1300-1400 target over the next day or two.
Not financial advice, but I am liking it in here and adding to my already long position.
Internal indicators are signaling this to be a bearish move in a primary bullish market. (ADX is slipping as the negative directional index rises with no crossover) and (the RSI remains in a bullish zone for the primary trend)
As long as this 61.8% golden ratio holds the pattern remains bullish. It will be a tough fight along this line.
Protective stops are...