Really not sure what to expect, but the level of bearishness combined with a few gigantic stock splits (
AMZN splits Monday 6/6, 
GOOGL 7/15, and 
SHOP 6/22) could propel the marketing into the 4400 range. I believe that would be the MAXIMUM pain for bears, then continue down.
Reasons for my bullish short tern outlook.
1.AMZN stock spilt on 6/6
2. Incredible amount of PUTS across the bored leading to a sense of over hedging
3. TTM Squeeze on
SPX daily looks primed to rip towards the upside
4. WeBull comments section is super bearish. lol
AMZN splits Monday 6/6, GOOGL 7/15, and SHOP 6/22) could propel the marketing into the 4400 range. I believe that would be the MAXIMUM pain for bears, then continue down.Reasons for my bullish short tern outlook.
1.
AMZN stock spilt on 6/62. Incredible amount of PUTS across the bored leading to a sense of over hedging
3. TTM Squeeze on
SPX daily looks primed to rip towards the upside4. WeBull comments section is super bearish. lol
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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.