It's been some pretty busy days of trading for me. I havn't been able to update you on my thoughts after the bounce (and what a bounce eh?)
So am I bullish like the majority of the people short term? No, unfortunately not. I was like everyone else caught by surprise by the massive bounce but after it propelled, I expected more of a follow through. I really expected us of testing 8900 resistance and we didn't...
So... What happens now? We going down.
- We will test 7300-7500 range today - This will propel a small bounce but will ultimately get us lower. I strongly believe 6k is coming yet again.
Remember guys. DYOR and this is NOT trading advice. You do NOT want to do trades solely on my predictions.