Hey all, if you asked me a month ago if this rally would have proceeded to these levels, I would have definitely doubted it. But it has happened! If anything, I think the risk:reward to short at these levels is even better. Nothing has fundamentally or technically changed in my eyes to imply that the bottom is in on the stock market here. Too many bearish setups across the board; this is an impressive bounce in a downtrend in my eyes. I expect us to be a lot lower by year-end.
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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.