Well, I've decided to get a little bold here. I normally don't make exact date-like predictions, but I am going to because I feel that confident in it (and the bounce we got this morning off that long term trend support confirms it). I had this chart yesterday in my YouTube video (which you can find here: youtu.be/ts60ctaXxXY), and we bounced to the hour on that green line I drew, which is my prediction for market movement. From my analysis, we will bounce slightly up to about the $7700 mark, where we will get rejected and re-test the 7200 support. At that time we will have a hard bounce, and start our breakout run where we will break out at that $9000 mark (where I have the green box).
This also plays into a little bit of psychological theory, that for whatever reason on the 6th of every month this year the market has seen a hard change in trend. I have those marked with green arrows in the chart- they line up perfectly (as strange as that is...).
I'd love to hear your thoughts on this! I'm pretty confident here.
-DY
This also plays into a little bit of psychological theory, that for whatever reason on the 6th of every month this year the market has seen a hard change in trend. I have those marked with green arrows in the chart- they line up perfectly (as strange as that is...).
I'd love to hear your thoughts on this! I'm pretty confident here.
-DY