Not great for bulls, but whose trying to short a hole?
מעודכן
Lot of gap downs, lot of rallies getting faded.
Bears are cautiously in control. News can change things in an instant.
I do believe we are closer to the end of this correction, but geopolitical issues are starting to come up that may keep things suppressed or sideways.
Biggest risk/reward is aiming for a rally up by EOM. Perhaps when bad news takes a break. We do have an inflation reading release next week, could be nail in the coffin.
Overall, I am starting a bullish position. More likely we see pops a relief gap ups from here.
Maybe/probably wrong, but anyone opening a short position down here is clearly chasing and may find themselves becoming liquidity for overnight moves where all they can do is watch...
Bears are cautiously in control. News can change things in an instant.
I do believe we are closer to the end of this correction, but geopolitical issues are starting to come up that may keep things suppressed or sideways.
Biggest risk/reward is aiming for a rally up by EOM. Perhaps when bad news takes a break. We do have an inflation reading release next week, could be nail in the coffin.
Overall, I am starting a bullish position. More likely we see pops a relief gap ups from here.
Maybe/probably wrong, but anyone opening a short position down here is clearly chasing and may find themselves becoming liquidity for overnight moves where all they can do is watch...
עסקה פעילה
I would be looking for 592 level to be tried and held by Friday. If not, would feel better moving on.
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