MEGACAP - TECHINCAL - Tesla - Time to take down the beast
- Correction long overdue
- Penny stocks, crypto alt season, marijuana stocks pumping... big bubble top alarm bells
- Megacaps are too expensive for retail so they chase cheaper, lower hanging fruits, bleeding the price of the megacaps
- Chinese new year next week, dump probable
- Peak absurdity and exuberance past few weeks, greed at astronomical levels
- DIX bottomed, market has never not corrected at these levels
- PMs beginning bullish cycle
Bullish long term on Tesla, but bearish on market... need a correction. Get it out of the way. This is my market hedge, big reward if it hits.
TP1: 780
TP2: 720
- Penny stocks, crypto alt season, marijuana stocks pumping... big bubble top alarm bells
- Megacaps are too expensive for retail so they chase cheaper, lower hanging fruits, bleeding the price of the megacaps
- Chinese new year next week, dump probable
- Peak absurdity and exuberance past few weeks, greed at astronomical levels
- DIX bottomed, market has never not corrected at these levels
- PMs beginning bullish cycle
Bullish long term on Tesla, but bearish on market... need a correction. Get it out of the way. This is my market hedge, big reward if it hits.
TP1: 780
TP2: 720
Trade closed: target reached:
Closing my short position at the first take profit level: (20/27)
Selling is weakening, I think the correction is over, for now.
Selling is weakening, I think the correction is over, for now.
