Disclaimer: I am not associated with Armstrong Economics in any shape or form.
*** All my previous ideas were hidden because I violated house rules of promoting an external link. I had no idea it was a violation and it was unintentional ***
Socrates computer has identified that the Daily TEMP HIGH is in place at $9000 and we also have TEMP HIGH at the Monthly level so, this is very, very significant confirmation. We have a Directional Change for today so maybe we get a spike higher or a move lower but nothing big. The next big target is Monday so starting this weekend through Monday we could get a significant spike higher before breaking down or it could go straight into a breakdown.
Or, to entertain a Bullish possibility, it could go straight up, shatter all resistance and continue to new ATH... I doubt it though...
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.