Posted by DigiNomad on 4th of Mar 2024 at 04:20 pm
Internals might be weak because the whole world is looking at
the IBIT chart and trying to figure out what holdings they can sell
to buy more of it?
Until IBIT is optionable, it's kind of back to the old
paradigm where there's only so much capital to go around. If you
want to play in crypto, you actually have to put up funds! Not so
much once they have options on it....but that's not now.
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Yep - internals were weakening
SPX 10m
Posted by steve on 4th of Mar 2024 at 04:18 pm
Yep - internals were weakening throughout that grind up move - caught some bags
NVDA and SMCI slid into the close
Internals might be weak because
Posted by DigiNomad on 4th of Mar 2024 at 04:20 pm
Internals might be weak because the whole world is looking at the IBIT chart and trying to figure out what holdings they can sell to buy more of it?
Until IBIT is optionable, it's kind of back to the old paradigm where there's only so much capital to go around. If you want to play in crypto, you actually have to put up funds! Not so much once they have options on it....but that's not now.