This wedge looks like its about ready to play out
Could it be possible we have another springtime selloff? How deep could it go? The impact of shutting the economy down has been hidden for sure, if this doesnt happen now, a correction is due and we are just postponing it. We can only print dollars for so long until the world looks to adopt a more stable currency.. could that be bitcoin?
I didnt hear the incoming president speak last night, but what little he said gave us a selloff today. He's not going to be as business friendly as the previous one. Spending borrowed dollars for a green new deal isnt going to help us, plus how are they going to one one and keep a lock down going and on the other reopen the country without going against what they've said for the last year. Until they realize covid isnt going anywhere and will be the new world wide infection that will not subside, they are fooling only themselves and those who listen.
Anyone willing to, feel free to comment. I'd love to be wrong because inherently I trade to the longside but I'm strongly considering a short bias until something like this happens and I'm looking for a bottom to buy back in.
I didnt hear the incoming president speak last night, but what little he said gave us a selloff today. He's not going to be as business friendly as the previous one. Spending borrowed dollars for a green new deal isnt going to help us, plus how are they going to one one and keep a lock down going and on the other reopen the country without going against what they've said for the last year. Until they realize covid isnt going anywhere and will be the new world wide infection that will not subside, they are fooling only themselves and those who listen.
Anyone willing to, feel free to comment. I'd love to be wrong because inherently I trade to the longside but I'm strongly considering a short bias until something like this happens and I'm looking for a bottom to buy back in.