There is still room in the weekly RSI to oversold like in 2008 and 2000, I am personally shorting all bounces with a tight stop.
I think the worst is yet to come, once Q1 earnings are released, market will react again. This is not something we wish for, as it will affect everyone livelihood.
I opened a short at 2698 and will trial it down, looking to TP at 2400 ish region , i believe it will bounce hard there.
Do notice there are 2 more gaps not filled yet, and markets always fill 95% of the gaps. This will be an opportunity of a life time, if you get to short it, it will be a BIG SHORT.
Let me know your thoughts if any.
I think the worst is yet to come, once Q1 earnings are released, market will react again. This is not something we wish for, as it will affect everyone livelihood.
I opened a short at 2698 and will trial it down, looking to TP at 2400 ish region , i believe it will bounce hard there.
Do notice there are 2 more gaps not filled yet, and markets always fill 95% of the gaps. This will be an opportunity of a life time, if you get to short it, it will be a BIG SHORT.
Let me know your thoughts if any.
Comment:
Closed position at 2400, looking to open another short.