Maybe just a little higher to complete the retest before heading down to 6340 intermediate target (common 50 and 23.6 fibs),
then (maybe) a rocky trip down to 6050 area (common 76.4/38.2 fib) and retest of that broken almighty multi year TL.
For conservative traders, if we get down to 6050 area, perhaps wait for institutional advice to sell rallies (no doubt based on bogus outlooks such as "sooner than expected US interest rate hikes"), before loading longs
For shorts next week, perhaps wait for confirmation from JPM et al that we are heading north on some kind of Fkced up tech bullish breakout interpretation around the 6670 area just as we are retesting the weekly bearish breakout , before you decide to look for PA clues to load short .
Just my view, have a great weekend everyone....
then (maybe) a rocky trip down to 6050 area (common 76.4/38.2 fib) and retest of that broken almighty multi year TL.
For conservative traders, if we get down to 6050 area, perhaps wait for institutional advice to sell rallies (no doubt based on bogus outlooks such as "sooner than expected US interest rate hikes"), before loading longs
For shorts next week, perhaps wait for confirmation from JPM et al that we are heading north on some kind of Fkced up tech bullish breakout interpretation around the 6670 area just as we are retesting the weekly bearish breakout , before you decide to look for PA clues to load short .
Just my view, have a great weekend everyone....
Come with me if you want to live....