This is still quite bullish from a weekly perspective
I am a mid-long term bear on the market and I am still holding my shorts on tech stocks and long VIX positions until at least next monday to see what happens. That being said, I think it is important to just remind myself to manage my bear expectations for this move. I have been short since August and I don't think I am alone as a bearish trader thirsty for a move of more than 1% for once. Sorry for the messy lines since this is just for personal reference and the focus is on a simple observation of the MACD and RSI. While there is certainly a possibility for this to continue downward, don't be too surprised if we meet support next week and (hopefully) pop back up to a lower high.
Cheers and happy trading :)
Cheers and happy trading :)
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