3200 and the H&S up there looks like a massive bull trap. YTD it is still a HUGE volume spike. 3100-3110 looks like ANOTHER bull trap.
We failed new ATH....the biggest volume spike is down around 2850...pretty darn close to the OPEX max pain, FWIW.
I covered and re shorted at 3150....I'm of the mind that we retest 2850...maybe not this week, but soon enough.
Remeber. There is no vaccine. There is no cure, and the hot weather does nothing. Then silently in the background econ activity will settle at 80-85% of what it was before. Jobless numbers will stay above 15M unemployed for more than 1 quarter, likely 2...
But yeah liquidity will save us? Return on invested capital is going lower, liquidity does not solve that, b/c it is a SOLVENCY issue.
The bubble has a hole in it, air is leaking out...when it really pops, it will be too late.
We failed new ATH....the biggest volume spike is down around 2850...pretty darn close to the OPEX max pain, FWIW.
I covered and re shorted at 3150....I'm of the mind that we retest 2850...maybe not this week, but soon enough.
Remeber. There is no vaccine. There is no cure, and the hot weather does nothing. Then silently in the background econ activity will settle at 80-85% of what it was before. Jobless numbers will stay above 15M unemployed for more than 1 quarter, likely 2...
But yeah liquidity will save us? Return on invested capital is going lower, liquidity does not solve that, b/c it is a SOLVENCY issue.
The bubble has a hole in it, air is leaking out...when it really pops, it will be too late.