A WEEKLY close above 42-43K is CRUCIAL!
First step in order to become BULLISH is a Weekly Close above the RED DOTTED LINE. (42-43K)
After that we need to get above the Bull Market Support Band and ideally hold it as support.
The BULLISH case will become likely only if these two are happening. Until then the BEARISH scenario is still the one to go with.
A follow and a like will be much appreciated. Drop your thoughts in the comments. Thanks! :)
After that we need to get above the Bull Market Support Band and ideally hold it as support.
The BULLISH case will become likely only if these two are happening. Until then the BEARISH scenario is still the one to go with.
A follow and a like will be much appreciated. Drop your thoughts in the comments. Thanks! :)
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