So far so good, the bulls do appear to be back and the low is very likely in for now. I don't expect to see much downside from here going forward. Any pullbacks should be brief in time and small in price, and might even happen afterhours or premarket
I do expect to see a grind higher day by day until we hit the falling white trendline on my chart, which we should normally pullback from, but I tend to think it will be small again and probably just grind sideways to down a little at it. Then it will push through it afterhours and backtest it before going higher again.
Bears will short this move up at every resistance point but the algo's will see where they put their stops and will keep going higher until it hits them and takes them all out. With so much time left for the bullish period I can't rule out a new all time high with that magical 7000 level being the target.
Have an blessed day.
