Agreed, but not immediately. Each step it increases, we see consolidation and a lessening of the trade volume. Then volume spikes and we get another step up. I think we will stay in this 8500-8900 trading range well into next week. If it;s going to make a move IMO it will be late in the week and we should get a spike above 10k then return to approx 9000-9500.
Agreed, late next week, is what I was thinking…
Looking like we may get some early action. Spike above 9k, then quick drop to 8.5k. Will see if vol starts increasing
looking like we may get a bit of a pullback. May retrench to about $6.5k. Not a bad thing. Allows those who trade to consolidate gains and sets up next run.