Alright, y’all… that was one heck of a rally… and we just hit and got a pullback that top of the channel…. so what are some realistic pullback targets….
5 year volatility suggest that 277 would be a great first level to look to… and then underneath there target 2 is 216….
When we get to that level - and that would still be very well within the uptrend, then that bottom red box would likely be a glorious place to either sell puts or place buy orders…
And We could even get to 140 and still be within the long term uptrend
Im not making any assumptions here but these levels should be on your radar is we start to pull back hard from here…
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.
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.