Another 5% rally towards 260
The market has plunged parabolically over the past week and we can expect more profit taking for shorts so can expect more buyers to come back. We can expect a pullback towards 260 where we can potentially see sellers coming back again to bring the market lower. It might be wise to lock in profits for current short positions and to time your reentry at around 260.
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.
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.