What we have here is a potential for a large reversal or continuation towards the upside depending on the market behavior upon open.
The prospect of a continuation of the current trend and a mitigation of buyers could allow for a gradual ascent towards a break of all-time highs. However, if the market opens with a continuation of the current trend, the limited strength to mitigate sell-side liquidity may lead to a sharp reversal from key level to key level, specifically at 1600.
Be ready to hold, not for minutes, hours, or days. We hold for months. Times are sharp right now and now may not be the best opportunity to enter the market, so come in with risk in mind.
The prospect of a continuation of the current trend and a mitigation of buyers could allow for a gradual ascent towards a break of all-time highs. However, if the market opens with a continuation of the current trend, the limited strength to mitigate sell-side liquidity may lead to a sharp reversal from key level to key level, specifically at 1600.
Be ready to hold, not for minutes, hours, or days. We hold for months. Times are sharp right now and now may not be the best opportunity to enter the market, so come in with risk in mind.