Short-term bullish, too much damage too quick. Long-term bearish, not pricing in the ramifications of shuttering the GLOBAL economy, & mountains of debt. Definition below for reference.
"A short squeeze is a rapid increase in the price of a stock that occurs primarily due to technical factors in the market rather than underlying fundamentals. A short squeeze can occur when there is a lack of supply and an excess of demand for the stock due to short sellers covering (liquidating) their positions."
TA x Personal Opinion = not investment advice
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Will expect further upward movement from the ETF if can break above trend line. Will not short again heavily until it breaks constricting triangle or hits target. Bullish short-term... Brrrr
so do you think this going up is just a short squeeze and we will continue going down?
kingmidasLXIX
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@elvis0288, yes. Although the earnings will continue to be horrible this Quarter, the market is simply numb at this point. I see us going thru April, and then ultimately heading south again to the 240s at minimum.
elvis0288
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@kingmidasLXIX, well i have puts for may 1st so i hope we go south to at least 255 before eom