Hmmm actually this setup to long side isn't as exciting as I thought it would be. Fridays move wasn't actually big enough to change longer term charts yet, thought it would be. Still looking for some short covering, but going to be a little more cautious given this updated information. Will see if Sunday night action gives any more clues.
Btfd all week. But close before eod 7/26 We're gonna run into the July meeting, and then drop like a rock. You can hold me to this post.
I get it, this is essentially what I was looking for as well. Everyone is overly bearish here so go squeeze shorts out and get new longs excited and than dump it on new longs too. It's the easiest money play for them to do. Just personally going to be a little more cautious since the upside doesn't look quite as juicy as it would if we had put in a momentum buy on the larger time frame, I would be more aggressive in that case.
Yeah its certainly damn near next to impossible to hit that "buy" button. Low volume run-ups... it's what the whales' whales live for.