Normal retrace after run from 3k to 42k to normal fib nodes
RSI overextended on weekly but monthly and daily are green light for continuation. Weekly is only issue.
Could easily stay between 85-95 RSI for multiple months.
Staying cautiously bullish for now.
No point going cash, better to eat any 30% - 50% dips, not getting cute with this market.
A retracement would likely be uncomfortable and choppy for both bulls and bears.
RSI overextended on weekly but monthly and daily are green light for continuation. Weekly is only issue.
Could easily stay between 85-95 RSI for multiple months.
Staying cautiously bullish for now.
No point going cash, better to eat any 30% - 50% dips, not getting cute with this market.
A retracement would likely be uncomfortable and choppy for both bulls and bears.
OP
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Disclaimer
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.