SPY has bounced exactly as the charts had shown us it would do. I will briefly discuss what we can expect now in the weeks ahead as we continue our move towards the target of our blowoff top.
We will also look at a few of my short plays. I will discuss what I was thinking in entering and what I expect now.
I was stopped out of the NVDA play and will update my spreadsheet soon! BTC and SOL shorts are still on and SOL is well into profit.
Would it be a good time to buy between here and a retest of around 31.000 for a longer term investment . Thanks for sharing your knowledge with us followers. P.S. ,do you trade any BTC mining stocks
stewdamus
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@joehec, Absolutely. BTC prices will rocket soon my only question is do we get another huge shakeout of the longs before it does? History says yes.
I don't trade mining stocks only because on the stock side I try to diversify into not crypto-related entities. I am already overweighted crypto so I like to look at other options on that side.
P.S. ,do you trade any BTC mining stocks