Since my last post the pullback occured followed by a lot of fear in the market, spx dropping andvix shooting up over the omnicron stuff and just like clockwork the market stopped caring. On the daily we can see we are trading near the daily ema and normally I'd like to wait for price to get there but based on market conditions I doubt it.
Zooming in we can see it has broke out of its downtrend line making it a good entry for the next leg up as the bullsa re finally to show that they got strength. Next target should be new highs possibly hitting the top of the channel again.
Zooming in we can see it has broke out of its downtrend line making it a good entry for the next leg up as the bullsa re finally to show that they got strength. Next target should be new highs possibly hitting the top of the channel again.
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