MY BEARISH THESIS
-This rally is led by fundamentally weak companies like CVNA, ROKU, AMC, and AFRM (companies with weak valuations) which has historically indicated that these types of rallies are temporary
-Six Month Treasury Bill yields rising to 5%, last seen in 2007
- The Feds Fund Rate (Feds target interest rate) rose higher after the recent CPI data which...
Bearish play on TSLA is puts below 191. Lack of strong support until the 185.3 area. TSLA is also looking overbought on rsi which is signaling a move to the downside. SPY getting dragged down may also help this play. NASDAQ:TSLA
BTC bear flagging on 4 hr and daily,
If we crack this supply zone I could see this rejecting off of trendline or running right through it
If SPY breaks $420 area, I could see it running to the upside
And if SPY reverses, BTC will follow and break to the downside (potential bounce back up from bottom trendline)
NOT FINICIAL ADVICE
I AM NOT A FINANCIAL ADVISOR
