Russell is my favorite market leading indicator, it looks like we may get a bear squeeze soon. I don't expect it to be a long one with earnings season coming up and revised outlooks probably going to look bleak.
I am surprised we haven't gotten a bear squeeze yet though.
I have haven't shorted TSLA for over 4 months. Today is the day I start again. I got in some small positions and slowly add as we get more confirmation.
We hit a huge Fib target in TSLA and history shows it may start reversing here.
WHO downplayed to Corona Virus. Market will ignore the risks and push higher... at least until the virus actually affects the markets.
We will get an opportunity to short this bubble one day. For now go long
We have broken support and have been creating a bear flag for the past few days. We are likely to continue to drop to support.
Economy is debt driven but still decent. I don't see a crash; however, I do see a correction.
We should bounce off support with the help of the FED by dropping interest rates and in an extreme case, perform QE4.
The dollar is setting itself up for another bearish move after breaking through supports the past 7 Months. Looking at a potential ABCD pattern setup for the dollar. This will impact Gold/Silver/Oil and more.