If history repeats, we are about to accelerate again
The recent pullback hasn't been that fun, but it has likely been necessary to cool off the technical indicators, shake out some weak hands, and trap some shorts.
We saw something similar halfway up the 2019 bounce.
Check it out:
(source: https://twitter.com/StockmoneyL/status/1624762101452480512/photo/1)
Will this be a similar outcome?
I am not sure, but I doubt this is it for the entire bounce.
We should be seeing several months of overall bullish price action before a bigger correction ensues.