Market back up but was this the drop?
Market back up but was this the drop?
Was this the drop or will we drop some more?
Anything could really happen at this point, however for the shorter term I think we will see another retracement and could be another leg down, but for now I'd say a retracement since the 6 hour looks like it's about to cross to the bearish side while the higher time frames tells me it's going further up. I would expect a .5 to about .618 retracement from this last leg up which would get us to around 2050-2100 USD levels.
The road to Aug 1st is uncertain but will definitely keeping a close eye on things ;)
I'm along for the ride like a doge with his head out the window tongue flapping everywhere.
BorK!