U guys see the 12:25 est 1 min candle ? That should have given us continued strength but it was huge down. Imo there’s some deleveraging on. Could be the result of gme
Neither did I. Re: long term - does anyone have a clue at all? Big picture we're not that much from the ATH. Approx 2,5 % as of now. Seems to me that any time there's anything resembling a correction we snap back up anyway.
you might be right. But we have a nice bull trap right now if this continues back to 3800. Can’t remember the last time we had this nice of a bull trap before before continuation down. Maybe y’all could refresh my meomory on that
3855 was just YLOD and a nice accumulation of stops. Once we test that low ~3810 &that zone holds, this should make a run to ATH. Upside macro momo is still very strong and YM very bullish
Bought a March 5, 2021 VXX 15/17 bull call spread yesterday afternoon, not so much as a market prediction, rather as a volatility prediction. The market just seemed “Too loose” to be at current “Low” vola levels. Up better than a double right now and holding on.