I believe the stars are aligning for a decent med term short for stonks
Fundamentals are poor - inflation and rates higher for longer (not factored into earnings yet)
Sentiment is extreme - note recent sentiment surveys all extremely bullish (greed) contrary to market perception
Bears have been capitulating - note short covering rallies (stopped out) in heavily shorted names
Technically RTY looks like a classic triangle consolidation (B/X wave)
Short 1880, stop 1980, looking for 1500 or lower (4 to 1 R/R) coming weeks/months
NOT INVESTMENT ADVICE
Fundamentals are poor - inflation and rates higher for longer (not factored into earnings yet)
Sentiment is extreme - note recent sentiment surveys all extremely bullish (greed) contrary to market perception
Bears have been capitulating - note short covering rallies (stopped out) in heavily shorted names
Technically RTY looks like a classic triangle consolidation (B/X wave)
Short 1880, stop 1980, looking for 1500 or lower (4 to 1 R/R) coming weeks/months
NOT INVESTMENT ADVICE
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.