Looks like a green day on July 25th, so if rise continues for a while (13 days) what does it look like?
Last rises since early June have averaged 0.186% to 0.34% growth per hour.
So if we draw 0.2% average growth per hour (lower than 2-10 June), then we have a target of roughly 15,200.
Maybe 16k is a healthy next stop on path via 32k to 64k.
Long, because it...
Over the last 19 days we've spent three quarters of our time at or above 11300. 7 Day VWMA has been above 11300 for 5 days.
All dips have so far rebounded back to 11300. Perhaps we have a new floor. Possibly the past few days have been an anomaly while the market adjusts to this.
Just maybe we are long from a new 5 figure base.
Currently half way between 24 month high and low, hugging 2 week MA, major US holiday, memory pool empty.
I take next move of +/- 500 to indicate bear or bull move of +/- 3k. Also take EOD green candle as bullish indicator.
Until 11.8 or 10.8 I assume it's a trade holiday.