Back on The Bull Run
What’s going on Traders, it’s been a while since we last spoke and multiple things have happened in the market and on the charts. First off, we got two new consolidation boxes and lines which have acted as support and resistance and a channel for a little while.
A Week Has Passed...
It has taken us just over a week to reclaim what was lost and we have done that in grand style with this recent Bullish movement. We have broken through one level of resistance and, are currently working on the other, but we still have one last level before we are clear to hit 75K…can this still happen by the end of the month YES! It will take a lot of Bullish push to make it happen but, with us now above 70K pretty solidly it is possible, but not yet probable.
The reason I’m saying it’s not probable is that we will hit that last level of resistance and retrace to some extent, I just can’t tell to what extent at this time…but it will happen like that so it's not probable and without a lot of prayers and a little luck (I think I still have some LUCK leftover from St. Paddy’s) most likely won’t happen
If we can pass through the last level of resistance before the end of the week and do it like we are moving today then 75K will happen this month, that said we are currently getting a red candle but I don’t think it will matter much in the long run…remembering we have never left the Bull Market since it started, it’s all good.
