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Over the last two years the TVC:SPX has been moving in unison with a fractal from the Pre-Great Depression, but at about 50% less amplitude on each of the current waves peaks & troughs. If my geomatics calculations are correct, we're actually looking at an exist pump and should see a move down, imminently, that will bottom around 2018 lows.
Currently car makers are scrambling to create trendy new EV vehicles. From what I gather several big name auto makers have had to stop productions on EV vehicles due to the high demand for Lithium. Until Hydrogen CELL Fuel companies are able to provide the service outside to more charging stations outside of California, I don't foresee this tech competing...
There is nothing interesting or unique about NYSE:TWTR . Twitter like Myspace ( and NASDAQ:FB at some point), will disappear when some cooler newer tech from Gen Z’s appear.
Long term this is a stock I would look to short off of the purple trend line highlighted in the chart.