Never financial advice. Just offering perspective.
Its overall a clean setup for higher timeframes, a run back to all time highs. Lower timeframes point to a similar picture. On the Monthly, there is no bearish imbalances above until 385.86-399.88. On the Weekly we clear 246.51-319.48, bearish imbalance hanging above. Its possible to see a revisit to 162.53-189.88, I would say this is about 35% probable. This is more likely, if we lose 234.09.
Lastly, on the Daily. 221.50-223.22 is a bullish imbalance, that we could revisit. I personally see the lower moves as low probability but not off the table. It would be encouraging for bulls to get a close above 242.67, today.
Be aware that this analysis is on a higher timeframe of a Yearly perspective and may take time to develop.
I'll keep this post updated. :)
Its overall a clean setup for higher timeframes, a run back to all time highs. Lower timeframes point to a similar picture. On the Monthly, there is no bearish imbalances above until 385.86-399.88. On the Weekly we clear 246.51-319.48, bearish imbalance hanging above. Its possible to see a revisit to 162.53-189.88, I would say this is about 35% probable. This is more likely, if we lose 234.09.
Lastly, on the Daily. 221.50-223.22 is a bullish imbalance, that we could revisit. I personally see the lower moves as low probability but not off the table. It would be encouraging for bulls to get a close above 242.67, today.
Be aware that this analysis is on a higher timeframe of a Yearly perspective and may take time to develop.
I'll keep this post updated. :)
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