Way too oversold with a large number of retail investors running. It's hitting pretty solid support and nothing bad has happened... maybe on options expiration week it'll trend down again but I'd be nervous going bearish from here.
Now if it hits $423~ thats a different story. But we got a our correction, all the news is negative, and again, nothing bad has actually happened -- anyone believe we'll start a bear market this way? Only those who think we have another 10% to lose by November.
Now if it hits $423~ thats a different story. But we got a our correction, all the news is negative, and again, nothing bad has actually happened -- anyone believe we'll start a bear market this way? Only those who think we have another 10% to lose by November.
Note
ouf its a bit messy.... neutral for now while bears and bulls battle it out in this grey area. Will it break 443 and stay above? (50D MA)
I usually try not to tell you what to do -- too crowded there. I'll point out what price points/trends/patterns the pros are looking at and let you interpret what that means for your portfolio.
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I usually try not to tell you what to do -- too crowded there. I'll point out what price points/trends/patterns the pros are looking at and let you interpret what that means for your portfolio.
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.