Despite many in the market believing that after such a jump up | The Wolf Of Few Streets
Despite many in the market believing that after such a jump upwards there should now be a decline to liquidate the short sellers, I somewhat disagree. The fundamentals remain bullish. Yesterday's impressive march towards 30,000 signals that the market hasn't yet priced in many positive potential upcoming events. From a technical perspective, the bears also failed to make a pin bar out of the daily candle. It closed around the halfway mark. The current day started with a decline, but at the moment, the market looks poised to continue its growth. For me, the target remains 31,500 in October.
Opinions expressed here are my own and not financial advice. Crypto, forex, stocks. DM: @of_streets. Twitter (X): https://x.com/wolf_of_streets. Instagram: https://www.instagram.com/thewolfoffewstreet...