Hey folks I just came across this and wanted to share because imo this is a major development. Shorts are finally starting to move and have crossed longs. What does this mean? It means a major move is coming. I am expecting a 500-1000 point swing, which way you ask? I am leaning 58/42 bearish imo. These crosses are very important and show that at this level whales are accumulating shorts. This is either the beginning of shorts getting there asses kicked and a move to 8k and beyond or a long liquidation party to 4200. I am personally leaning bearish because history tends to repeat itself and this is what happened before the drop from 6k plus like most other seasoned traders agree 6k will hold as a strong resistance. As always the market will do what it likes.
This is for educations purposes only. Watch and see what happens, I have a feeling the show is just getting started one way or another.
This is for educations purposes only. Watch and see what happens, I have a feeling the show is just getting started one way or another.