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June 16, Tuesday, big 🫓 latest thoughts, lack of pullback, continue to be bullish
Yesterday, the big 🫓 continued to rise, reaching a high of around 672, then faced resistance and pulled back, currently stopping around 660. Yesterday, going long was straightforward and exhilarating, but now the pullback strength is limited. The outlook remains bullish.
Structurally, in the short term, the bullish reversal of the 🫓 is strong, and the short-term pullback shows no strength at all. Meanwhile, the 4-hour and hourly charts are resonating upward together. The pullback is just icing on the cake; the upward trend is not over yet. The intraday outlook remains bullish.
Referencing the 🫓 around 660, targeting the 675-685 range.