IF the bulls can stay in control, I'm expecting 12.5k area to be traded.
As for the longterm, I do not think we will go to new ATH's from here, but the action around 12.5k level will provide clues when we get there.
If we don't, better get those bear suits back on, because then I believe we could see 6k again.
But first, for this idea to hold, I don't want to see it much lower than ~8'750. Bids at 8'900-9'250 to sell 11'750-12'400 range
As for the longterm, I do not think we will go to new ATH's from here, but the action around 12.5k level will provide clues when we get there.
If we don't, better get those bear suits back on, because then I believe we could see 6k again.
But first, for this idea to hold, I don't want to see it much lower than ~8'750. Bids at 8'900-9'250 to sell 11'750-12'400 range