Where will it stop?
Updated
We seem to have stopped for the time being at 2500, which on a weekly chart time scale shows a bit more bullishness. But looking at the monthly chart on a macro scale, it looks like RSI still needs further to go. Could this be the start of a heated sell off and beginning of a bear market? Time will tell
Note
New printing, "there'll be not dashing for trash in a short squeeze", yet I see weed stocks and broken car brands doubling and trippling in value (namely AML and TLRY). Thinking the deadcat bounce is pretty much over and markets about tank much lower
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.