In this analysis , I would like to point out the overall Put/Call ratio. We have seen time & time again when overall market participates are leveraged heavily into one side , the market always seems to turn rather quickly or consolidates before making its next move.
I would also like to point out the recent extreme bearish sentiment regarding the bank failure of SVB , from news outlets & talking heads of the media. DO NOT BE A VICTIM . In my mind this a perfect BEAR TRAP.
"The downward correction may last several trading sessions, giving a false impression that the market has indeed reversed. " - Investopedia
It is important to keep an OBJECTIVE view of the market rather than SUBJECTIVE view. PRICE will tell us where the market is heading .
HAPPY TRADING!
I would also like to point out the recent extreme bearish sentiment regarding the bank failure of SVB , from news outlets & talking heads of the media. DO NOT BE A VICTIM . In my mind this a perfect BEAR TRAP.
"The downward correction may last several trading sessions, giving a false impression that the market has indeed reversed. " - Investopedia
It is important to keep an OBJECTIVE view of the market rather than SUBJECTIVE view. PRICE will tell us where the market is heading .
HAPPY TRADING!