25K already break but there is no panic on the market maybe the good news from the FED and CPI data make market looks bullish rather bearish.
the daily close above 100 points above the crucial level make market things it will be a pull back. if there is a pull back then on 24.5K level probably will make a pullback to 61.8% fib, the bear trend still exist until the weekly close above 26.500 level. if this week can't close in that level probably elliot wave on weekly wave is just still starting a wave 1. but if make a pullback, is indicate wave 2 in play. 20K CME GAP probably will fill up in coming months.
the daily close above 100 points above the crucial level make market things it will be a pull back. if there is a pull back then on 24.5K level probably will make a pullback to 61.8% fib, the bear trend still exist until the weekly close above 26.500 level. if this week can't close in that level probably elliot wave on weekly wave is just still starting a wave 1. but if make a pullback, is indicate wave 2 in play. 20K CME GAP probably will fill up in coming months.