Will It Really Take This Long SPY?
Drew out come time cycles and put to call ratio parallels to see how long it would take for the shorts to get their juices fully squeezed out of them.
Perhaps it could take until July before we see something really down. I was even thinking November or December of this year as well, but the cycles seem to be interesting nonetheless. If we see more stimulus, this could also be a feasible scenario.
That being said, the magnitude of our current situation could spiral out of control faster than this standard cycle. On the other hand, what better time to pull the trigger than when everyone is feeling their best about the market. Right now, obviously there is a lot of caution and fear causing shorted positions, so maybe it would be too obvious to do it now and the full potential for profits would not be realized.
Time will tell...
=FIB
Perhaps it could take until July before we see something really down. I was even thinking November or December of this year as well, but the cycles seem to be interesting nonetheless. If we see more stimulus, this could also be a feasible scenario.
That being said, the magnitude of our current situation could spiral out of control faster than this standard cycle. On the other hand, what better time to pull the trigger than when everyone is feeling their best about the market. Right now, obviously there is a lot of caution and fear causing shorted positions, so maybe it would be too obvious to do it now and the full potential for profits would not be realized.
Time will tell...
=FIB
The prediction is in...
= FIB
= FIB
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