Good afternoon from CFT. (Our video is out!),
We have been friendly at the lows down there at $29,000. We have been calling for a rally to $44,000-$48,000 we have gotten that. We were looking for a red wave 4, triangle which is still shown here, but we have been so bullish, we think actually wave 4 already ended, and we are just going to assault new highs. Our indicators are friendly, and it looks like we are headed higher.
We have been flat looking for a pullback; really, it is holding at the highs and nothing new to report.
we have been looking for it to dig in and work higher, which it has done.
We have been short, and actually, we just covered our shorts, and we are now going to stand aside in the metals.
Thank You and Have a good weekend!