Very hostile market for shorts. Giving the false start signals and then the parabolic spike-outs.
I suspect it thinned the crowd of the shorts but I've learned you rarely get a big short trade that is not hostile first - if this was only a spike-out, the rejection will be strong.
Stong rejection can lead to waterfall under lows. Maybe even limit down days.
I suspect it thinned the crowd of the shorts but I've learned you rarely get a big short trade that is not hostile first - if this was only a spike-out, the rejection will be strong.
Stong rejection can lead to waterfall under lows. Maybe even limit down days.
We may be inside of a crash event to 3000 in SPX.
Read the full case with backlog of historic analysis/forecasts here: holeyprofitnewsletter.substack.com/p/the-case-for-3000-in-spx
Read the full case with backlog of historic analysis/forecasts here: holeyprofitnewsletter.substack.com/p/the-case-for-3000-in-spx
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
We may be inside of a crash event to 3000 in SPX.
Read the full case with backlog of historic analysis/forecasts here: holeyprofitnewsletter.substack.com/p/the-case-for-3000-in-spx
Read the full case with backlog of historic analysis/forecasts here: holeyprofitnewsletter.substack.com/p/the-case-for-3000-in-spx
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.