@davidlxchen, Yes, it is, so it should go long but... a fake breakout is not good news, like we had minutes ago.
Xamton
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@nunojusto, how do we know it's a fake? it seems to be consolidating and forming a bullish pennant atm..
nunojusto
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@davidlxchen, i think the correct trend is: "?"
Xamton
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@nunojusto, We all know it's suppose to correction to 5k. But right now CME annoucement is spreading euphoria and a lot of people expecting to see this reach 10k before the year ends. And ATM it looks like the bulls are pushing harder than the bears. The real question is when will the break down occur, it certainly doesn't look like now.
nunojusto
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@davidlxchen, CME euforia? One little tip for You.... CME have leverage to LONG and to SHORT also... do you think they would be interested to start with LONGing a long extended market or to SHORT it first a lot and then LONG with confidence?
Think on that ...
Xamton
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@nunojusto, it makes sense for them to start on a lower position. I don't think they have the power to sway the market that much. People are more resilient to FUD nowadays.
vvlad7212
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@davidlxchen, is not, it's just a neutral idea if that ..