Based on Tsla fractal
Now $182, weekend following Biden as president elect, anti social stocks (ZM, TDOC) taking a hit from market's bullish outlook of Biden's presidency, while in person traffic stocks pump (amusement parks like $dis and $seas)
Prediction: Pfizer's vaccine and Biden's covid taskforce news are providing momentary relief and comfort that we're in...
Saw this on twitter today:
twitter.com
Perfect play of news trying to reel in the sheep before unloading on them.
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Fundamentally, US infection rates of Covid-19 have surpassed China's number (albeit, China's figures are definitely questionable), and unemployment figures this week have reached 3.3 million, surpassing the 2.5 estimations.
But for some...
I'm currently seeing 3 signs that are pushing for a continuation of an uptrend:
1. $SQQQ is approaching the 12-month support around $14.73
2. If we take the fib of this entire impulse wave up, we see that we are also approaching the golden ratio (0.618) --
3. Which shows confluence with the uptrend support formed since the reversal in October
