Gumbi, how would the top of this market be shorted 'to the day'? I assume one would need to use the arrays and pick out the turning point if price comes into contact with the Bullish Reversal at that point in time, which is what I had tried to do previously. If I am not mistaken, that number is ~28,000, or that is just minimum resistance?
Yes that is correct but it is very difficult to short the day of the high and often unnecessary but looks like early August for a high on the weekly array most likely the 5th of August, we have a weekly bullish that may be tested at 28600 level and daily at the 27900 level.
The market must come down and retest support one more time going into the bottom of the ECM to imply we move higher with a high in 2024. In my opinion the market cannot truly breakout until the next cycle begins.