2) The recent move down pushed the 1H very low which is excellent because one more push will put it clean into the oversold territory, setting up for another continuation upwards.
3) Since it didn't actually complete the move up to the downtrend line I expect this retrace to expend its strength quickly.
4) I anticipate that to be around the 9900 area which is a massive intraday and also the lower center line of this entire bull-trends .
5) 9900 is also the 4H 200 MA.
These points are showing us that 9900 will be very hard to break and will be a great buy opportunity, and will most likely provide the fuel to push us through 11800 (d/t line). If we clear there then it is on to 13600 and beyond.
Remember, now that there is a bull trend forming, the floodgates of sidelined/mainstream money are reopening.
To infinity and beyond!
Act now or fourth ever hold your peace.