Quarterly play: still watching dips under 75k down to 69k for longs. Posted that Oct 1, still holds. Weekly closes can shift it — if we don't bounce there or start closing below structure, I'm out. Would accept a sweep of 62k lows but ideally want a triple tap around 60k.
Cycle read: probably rally to ~100k but not convinced we print new ATHs without visiting 40k first.
So right now I'm leaning long in this zone (quarterly bias) to ride it toward 100k. That 97.8k swing high matters — decision point. From what's printed so far, I'd then expect a lower high into a move toward 40k. If new data flips the probabilities I'll adjust.
Traders hold primary and secondary ideas. It's about what you weight and why. That's your bias, that's how you trade it.
Side note: not selling anything, not farming engagement. I post because I like sharing the view, it helps others learn, and it's my online journal. Relax.
Cycle read: probably rally to ~100k but not convinced we print new ATHs without visiting 40k first.
So right now I'm leaning long in this zone (quarterly bias) to ride it toward 100k. That 97.8k swing high matters — decision point. From what's printed so far, I'd then expect a lower high into a move toward 40k. If new data flips the probabilities I'll adjust.
Traders hold primary and secondary ideas. It's about what you weight and why. That's your bias, that's how you trade it.
Side note: not selling anything, not farming engagement. I post because I like sharing the view, it helps others learn, and it's my online journal. Relax.