Pretty normal technical post - just to mention that buyers keep showing up into dips whenever we get to the channel bottom / 50 day. Do with this what you will!
Be careful. It's not safe yet. VIX tends to spike up in three day bunches. Today is day 2 and Monday will be day 3. If VIX has a significant move to the upside, past yesterday's spike, LOOK OUT! I will be selling into strength today and be ready to buy back in on Monday's spike unless VIX gets wild... then we can expect some big downside days ahead. I don't forsee a crash at this point because the underlying market structure will look to rebalance... but one day... the algos will be be turned off and... look out below. Just look at the Nasdaq on a monthly chart. lol
PreferredStonk
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Looks a lot like Jan’s selloff. Bond concerns, GME, post FED statements, touched 50d, intermitted weekend, no scheduled events next week. It’s like the market pauses to contemplate it’s tech killings once a month, asking itself ‘should we rotate? Nah lets keep going.’