Level

One position worth $126 million was just 4% away from being liquidated.

Fibonacci retracement levels serve as potential areas from which prices resume the primary trend.

Fundstrat’s head of research, Tom Lee, calls for a potential short-term drawdown but remains bullish regarding the end-of-year target.

The market depth shows dominance of buy orders at levels away from the going market rate.

A technical correction and reversal is close to being complete and could trigger a full-blown bullish move, some traders say.