Yesterday I was licking my wounds as an injured bull and today I didn't looked at the charts until after 9:00 pm. Before taking a break I determined two support clusters that were most likely to provide a bounce.
1. $8,200 (horizontal and trend)
2. $7,150 - $7,250 (horizontal and green dotted trend)
I am not too surprised to see the first option fall through. Now I am going to be holding my breath for the second option to come through in a big way. If we can hold support above the green dotted bull trend line then we should retest all time highs in 2018. On the other hand, if that breaks down then I will be back to a full bearish outlook for the short-medium term.
Until then I will be waiting on the sidelines with my pom poms and skirt.
Let's go bulls, let's go!!! *clap* *clap* *clap, clap, clap*
Will work for likes and followers
1. $8,200 (horizontal and trend)
2. $7,150 - $7,250 (horizontal and green dotted trend)
I am not too surprised to see the first option fall through. Now I am going to be holding my breath for the second option to come through in a big way. If we can hold support above the green dotted bull trend line then we should retest all time highs in 2018. On the other hand, if that breaks down then I will be back to a full bearish outlook for the short-medium term.
Until then I will be waiting on the sidelines with my pom poms and skirt.
Let's go bulls, let's go!!! *clap* *clap* *clap, clap, clap*
Will work for likes and followers
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