Bears gotta keep their mouths shut. Wayyyyy too many people trying to short right now. Typically these spikes are only seen after a decent downturn (long than 2 days lol), but that just shows how excited everyone is to short. Spikes like this almost always lead to reversals whether it makes sense or not. I would keep a buy the dip mentality until seasonality starts working against the market. If you are not buying, I would definitely be careful shorting!! Safe trading
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