Everybody is waiting to short S&P 500 because of covid consequence worldwide.
1. More people play the markets today than a year ago
2. More people are waiting to short the index than a year ago
Everyone playing the markets long enough is seeking for revenge for 2 simple reasons
1. Exited the market too soon
2. Missed the market rally
Of all the people being...
CNBC Level at 275 has proved to be an excellent level to play around. We dipped way below but made it nowhere near to $240. Now we look to long term for a break of this down-trending trajectory.
Breaking above 300 level would have me targetting 340.
There is also potential for this entire shockwave to break up and eventually reach the magic $420...
m Honestly ot sure i sold at 64 last run when i said load up in my post nad made bak then i had a huge position again at 39 when it comes down and sold at 46.... m thinking maybe 48 because of constellation brands price purchasing it at $48