Tech is just super strong and though in the overvalued range, I think it is likely going to run up to at least 20,000 before summer based on the 1.6 fib extension. Now, I still think we need a confirmation of continued bullishness next week. If we continue above the trend line, then I see no reason that it does not stop until 20k.
Note
Another close above even though we ended in the red. I still think this is pretty bullish. Let's see if tomorrow brings more aggressive selling or it holds.Note
Inflation reaction brings price back inside channel. I still think the market is bullish. Will need to see if the pull back gets bought or we slide more though out the rest of the week.Note
Note
Resistance still holding, you can see it clearly today.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.