As I predicted there will be a breakout soon (Either Upside or Downside). We did break the resistance line and moved above 600. Now the question is can it hold? It can only hold if it breaks the 630 Fib level (Next Resistance).
Those who are placing calls please do so responsibly during a volatile market.
Please Note: The analysis is based on my own views and it should not be treated as financial advice.
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Best,
Adit Doza
Part-time Faculty
Mike Ilitch School of Business