Bulls are hoping for 6k to buy, but I think it is too soon for that. Bears are calling for 1.7k, LOL.

We could see 6k again in wave 2 when wave 1 of this new bull cycle is finally completed, but I think we are not close to this wave 1 top yet.

We are seeing a clear channel and the MA 50 (fair value) has not been touched since 27.03.2019.

If that somehow looks bearish to you, you should consider getting a new pair of glasses.

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