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Soon you'll notice that everyone is talking about 170K as the next target.
But remember one thing: what we're seeing now is just a reaction after a long period of weakness. After this prolonged decline, it's perfectly normal to see bounces and consolidation periods.
Don't confuse a rebound with a true trend reversal. For the broader picture to actually change, time, volume (liquidity), and technical confirmation are needed. A bull market is not built overnight.
Our job is not to predict the future, but to take advantage of what the market offers us today. Take what the price allows, manage your risk, and don't rush to anticipate moves that haven't been confirmed yet.
In trading, patience is often the biggest competitive advantage.
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