i expect consolidation in/around here w/ 27 being the overlapping of 3 ratios and it SHOULD be resistance.
the key here is the level of the RSI – have we broken out into a new RSI zone that defines a bull market? also, if this is the case are we finishing up 3 on the way up? if we are then this pullback needs to remain above 21.43 as 4 can’t overlap 1.
either way, I expect a pullback here or a little more higher … then it will get VERY interesting.
note the 21 level -some nice overlapping ratio’s, a measured move like the last correction – could be a nice spot to get long
didn’t know there was an ETF for Lithium.
hope this helps.