Hello from CFT (our new video is out!),
The same triangle we have been monitoring. We look like we think the “b” wave ended here over the weekend we have been looking for. So, we are still looking for that rally up to $52K -$53,000 plus. $37,300 the “x” wave low, taking that out would be decidingly bearish, so we will watch that.
Our Indicators are coming down to friendly again. So we will be a buyer on anything a little bit lower this week and still look for new highs.
We talked about a rally above the 100 level we would be getting short. We definitely are getting really interested in being short up here; we will watch the next couple of days.
We look for a pullback, possibly down to that 148 level again, which would offer a chance to buy.