I can't tell you with any certainty
All I can say is xjo 7440 is now back in play
US markets have had 2 similar set-ups in the past 12 months
November last year & march this year
In both those situations, they followed through (the fact we had such a reversal yesterday could indicate that it might happen or could just be another trap & deception)
If this setup follows through they will have a bumper July before settling mid/end august & another massive correction through September (you don't want to miss that short)
I was hoping to get answers last night but nothing yet
Maybe tonight we see which way they go
But as I said a few days ago, this week is going to be huge for which direction we go
Atm it's leaning the bulls way
US need to follow through with it this week or I don't think they will at all
Correction will happen from here
If breakout rally occurs, look for a big pullback in about a week
A lot of points on offer this morning if they go for a backtest early
Otherwise wait for the dust to settle before attempting shorts
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