What an incredible move. Looks to be legit demand, doesnt appear to be shorts getting blown out of the water. At resistance currently, definitely not a buy area, but this is strength that i wouldnt fade. Originally i said once we break 27.2 we would range until end of July. However, etf news and big money entering the space has catapulted us to the top of the range. Im in wait and see mode. Bags have been packed from 16k - 25k for some time now. Flip 31k and it gets interesting. Expecting consolidation here is reasonable.
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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.