If we have a breakout, I hope it will be straight to 12k.
i prefer slow and steady.
the giant green dildos often scare the bears out of the market, which sets up a long-heavy commitment of traders. too fast and all the shorts get squeezed without creating any support on the way up. that often ends in full retraces or slow bleeds.
i'd love to see a real struggle at $7400 over that august pivot. i wanna see bears piling them shorts on. i wanna see confident bears.