It has well passed my previous prediction of around 3873 where it was satisfying mirrored distance once(purple dashed arrow lines). A strong market could satisfy twice or more mirrored distance. If to satisfy twice, 3872+367=4239, so around 4240 mark. See chart below:
if zoom in to hourly setting, you can see it fell through below the support line very briefly, not even stayed under the line(the blue line) for a day and went back up again. So bull is still on at the moment. It is just daily grade pivot vibration (bold purple rectangles) and it is a TREND rather than a CONSOLIDATION. The last pivot showing some strength reduction (last two purple oval circles on the MACD right hand side), a change is coming. What grade? I don't know.
BBUS, page-12594
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Last
2,958.8 |
Change
17.070(0.58%) |
Mkt cap ! n/a | |||
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| 2,958.8 | 0.00 | 0.00 |