Oh ya were just going to go zag straight back into the bull market from 550 to >1250 and set a new ath after the downtrend from 1250 to 550 on the down MACD with all trend lines broken. That is exactly how this works...
Well, I think the way it is suppose to work was that this was all an obvious bull trap. We were suppose to go down after that huge pennant formed yesterday near the lows. But then we went higher. Then, we were suppose to go lower at the 4 hour resistance 200sma. But then we consolidated and went higher.
Now next resistance is 1000 and then the lower top before the last correction.
So, when does this bull trap end and the bear market continue?
Because right now it keeps going up when its not suppose to.