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Late Day Bounce?
- Thread starter gnome
- Start date
Who knows. But beyond that, there is little to suggest that this turkey will fly any time soon.
Best to be short or out on the sidelines... No bounce expected just steep nose dives through close.
I'm keeping an eye on support at 8000....
If we retest and bounce I'll then be looking for a 3rd test.
If we retest and bounce I'll then be looking for a 3rd test.
Look at that bounce off 8000!
Normally this might work, but are there any people short here? Most people stopped shorting due to the SEC ban, fund withdrawals, or just because the market was so oversold higher up that they covered, and the few that stayed short have probably got whipsawed out.
IMO just as likely is a last hour bloodbath as margin selling and redemptions result in people selling at any price.
It's a coin flip either way.
IMO just as likely is a last hour bloodbath as margin selling and redemptions result in people selling at any price.
It's a coin flip either way.