I can already see more shorts rolling it up for next week ....
This is not a bear rally until it proves itself... we are
officially only 16% down from ATH... sectors like IBB SMH QQQ
leading the way
arun - understand it's NOT a bull until it takes out higher
levels - this is still well within the normal confines of a bounce.
Lastly, who cares about terms as one should simply trade the
trend. I'm referencing the SPX to be clear. I did map
out a bullish scenario a view weeks back where wave C completed at
the March lows. Irregardless, both were calling for a move
higher so let's simply focus on the trend instead.
I can already see more
may as well fill the gap here from 288
Posted by arun on 17th of Apr 2020 at 03:52 pm
I can already see more shorts rolling it up for next week .... This is not a bear rally until it proves itself... we are officially only 16% down from ATH... sectors like IBB SMH QQQ leading the way
arun - understand it's NOT
Posted by steve on 17th of Apr 2020 at 03:54 pm
arun - understand it's NOT a bull until it takes out higher levels - this is still well within the normal confines of a bounce. Lastly, who cares about terms as one should simply trade the trend. I'm referencing the SPX to be clear. I did map out a bullish scenario a view weeks back where wave C completed at the March lows. Irregardless, both were calling for a move higher so let's simply focus on the trend instead.
Understood but its hard to
Posted by arun on 17th of Apr 2020 at 04:10 pm
Understood but its hard to say its a bear market as well with leaders leading the way