Yeah i think it’s bouncing back today, watch the long term trend line, and lock in profits as it goes up with stops just in case it dips! I think the trend finally broke, i’ve been shorting the market and covering dips! If it can get over the long term trend line i will buy, however i’m bearish as ling as the virus is out! I would be careful with that, i think giant crash is coming!!! It is all about the trend and it may have gotten bearish it appears! Once the virus is over buy like a mad man. Hope this makes sense, not all dips are good to buy, only dips in bullish trends!
The reason for the bounce back is simply us short sellers buying back to tp (take profit) causing mini squeezes on ourselves! lol good luck!
Yeah i think it’s bouncing back today, watch the long term trend line, and lock in profits as it goes up with stops just in case it dips! I think the trend finally broke, i’ve been shorting the market and covering dips! If it can get over the long term trend line i will buy, however i’m bearish as ling as the virus is out! I would be careful with that, i think giant crash is coming!!! It is all about the trend and it may have gotten bearish it appears! Once the virus is over buy like a mad man. Hope this makes sense, not all dips are good to buy, only dips in bullish trends!
The reason for the bounce back is simply us short sellers buying back to tp (take profit) causing mini squeezes on ourselves! lol good luck!