Accumulation Completed, Expect Markup to 3930
Initial target is 3880 by end of week
3930 by end of next week 1/13
Likely consolidate in low 390s before decision to continue to 4000 by end of Jan or drop. There was accumulation in October, Distribution in December, and minor accumulation over last 2 weeks. So battle at 3930 will be a clash between these structures
3930 by end of next week 1/13
Likely consolidate in low 390s before decision to continue to 4000 by end of Jan or drop. There was accumulation in October, Distribution in December, and minor accumulation over last 2 weeks. So battle at 3930 will be a clash between these structures
Note
Right on the trajectory. Could have legs for breakout - will post update this weekend.
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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.