It is my honest opinion that Friday was the blow off top/look above and fail everyone was waiting for.
I base this on a few things. Many people thought they called a a top, myself included, and got short.
Anyone with these positions got really squeezed and had to get out. I don't think that was new money entering the market as much as people with bad position paying for it. Friday had a rally to new high with some mean selling at the end. Just day traders taking profit, sure. Or the start of the real down move. Don't get your face ripped off. Good luck
I base this on a few things. Many people thought they called a a top, myself included, and got short.
Anyone with these positions got really squeezed and had to get out. I don't think that was new money entering the market as much as people with bad position paying for it. Friday had a rally to new high with some mean selling at the end. Just day traders taking profit, sure. Or the start of the real down move. Don't get your face ripped off. Good luck
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.