Unpopular opinion: this is a bear trap.

4 Mar

Leveraged shorts are stacking in favor over longs.

This is good news for bulls, I think this level (80ish) will hold and we will see a short squeeze later this week once enough shorts pile up. That won't mean we are out of the woods, but it will mean some relief and might make for a nice swing trade for those so inclined.

I'm definitely in the 70-40-20k death march camp in general, but that may not happen just yet; fundamentals of global meltdown/tariff anxiety/ww3/et al not withstanding.

If we break last weeks low of 78 that pretty much invalidates everything i have said. gl out there.

4 Mar

İşlem aktif

probably worth noting; creating a pretty obvious double bottom on the smaller time frames.

4 Mar

Not

what we do around 89-90 will be telling.