When these prices ignore indicators it usually means that human emotions are running amok. This usually turns with good energy... Id usually say yes lets stay long but the downside could be faster than anyone think therefore its just best to wait the short side rather than go long for small moves like we have been witnessing these past few weeks.
Crazy TA going on right now...probabilities on index regression should be there by now but not there. All in long right now on SPX.
ReplyDeleteWhen these prices ignore indicators it usually means that human emotions are running amok. This usually turns with good energy... Id usually say yes lets stay long but the downside could be faster than anyone think therefore its just best to wait the short side rather than go long for small moves like we have been witnessing these past few weeks.
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