Shiba the latest meme coin to be pumped for absolutely no reason looks set for a dump. Lets see. Will be interesting. Usually all the influencers who pump these coins hard will sell just as they tell everyone to buy. We live in strange times but interesting to watch.
Semiconductors reached peak bulltard due to shortages. The uptrend started back in 2013 and was barely affected by covid. At the peak it was 40% above the weekly kijun. Interesting to see what happens. The next big short or just an expected correction?
E-mini has touched the 50% Fibo retrace. Was fully expecting it to tag 61.8% retrace. Could still do. Depends how much nerve the dip buyers have. The weekly momentum has been broken so have to see how it ends the week.
Just a quick market analysis of what I call a classic fat pitch where you have a wide divergence from fair value. All that is needed is a catalyst to cause a flight to safety. Its not a matter of predicting anything. It is for the purpose of managing risk. Lets see how it turns out.