Daily MACD on the verge of crossing; continuation of this step-like pattern would provide a nice transition until the next divergence.
My hopium prediction is further correction to around 4250, followed by 1-2 weeks of sideways action between the UTA and EA.
On an extreme note we could drop as low as 3000-3300 but I'll save that thought for another time.
From a different perspective, we see that the H4 Chaikin is nearing ADL which indicates a potential push given the momentum.
Playing out the 10/16 post with relation to 10/28 post, it seems we could still be in stage 5 as the breakout above UTA wasn't much of a breakout.
This chances are much lower imo but still viable and could send us to 5k+.
Regardless I see us ~5k EOY.
My hopium prediction is further correction to around 4250, followed by 1-2 weeks of sideways action between the UTA and EA.
On an extreme note we could drop as low as 3000-3300 but I'll save that thought for another time.
From a different perspective, we see that the H4 Chaikin is nearing ADL which indicates a potential push given the momentum.
Playing out the 10/16 post with relation to 10/28 post, it seems we could still be in stage 5 as the breakout above UTA wasn't much of a breakout.
This chances are much lower imo but still viable and could send us to 5k+.
Regardless I see us ~5k EOY.
