A break up here could reveal a very strong bull fractal repeating - if thats the case buckle up.
A break down from here would place us on the top of the last channel 9400 - a likely spot for a sizable bounce.
WARNING: A break below 9400 and i am no longer bull. I am neutral from 9400-8800. A break below 8800 and im back to the biggest bear in the woods.
Regardless of the outcome, this chart gives you the tools visually to know what to expect.
A break down from here would place us on the top of the last channel 9400 - a likely spot for a sizable bounce.
WARNING: A break below 9400 and i am no longer bull. I am neutral from 9400-8800. A break below 8800 and im back to the biggest bear in the woods.
Regardless of the outcome, this chart gives you the tools visually to know what to expect.
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