Hey Guys, this morning there was a big liquidity grab - which I anticipated because the PCC was over 1.4 yesterday- so I expected price to go up until PCC fell below 1- which is what happened today. Now after shaking off shorts with this manipulation - I think we now have room to go down to the red trendline. If trendline breaks we can expect a gap down. Again from a macro prospective, I do think we will hit ATH around the EOY. Follow for more.
Trade closed: target reached:
Price went to where I expected - and during this time PCC went up to .92- a g it good place to close short positions. Today was very choppy because MMs are trying to burn options at this point. If we see high PCC any of these next few days we can see another short squeeze occur.
Trade closed: target reached:
Also want to note that PCC is near 1 eod today- so this may trigger another short squeeze and shoot price up - excited to see how this plays out. If PCC is close to 1 tommorow morning I will long however if PCC drops I will short the market.