SPX Perfect example of extreme bearish sentiment getting
corrected for. I wouldn't be surprised if it grinded out longer
than expected. Gotta be careful of getting "beared up" the same as
"bulled up". That said, still don't like that this all happened on
two gaps up and don't see how those hold over time. Gaps are 99.9%
of the time traps. No idea on the timing of course.
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SPX Perfect example of extreme
Posted by fundamentalvalues on 4th of Oct 2022 at 11:14 am
SPX Perfect example of extreme bearish sentiment getting corrected for. I wouldn't be surprised if it grinded out longer than expected. Gotta be careful of getting "beared up" the same as "bulled up". That said, still don't like that this all happened on two gaps up and don't see how those hold over time. Gaps are 99.9% of the time traps. No idea on the timing of course.