It's all running on hopes and dreams people. Gonna chunk down early June (maybe ~22) and probably hold on for dear life as congress fails to act and coronavirus weighs increasingly heavier than expected on the economy. If this thing breaks up, it ain't lasting very long before collapse.
Will be volatile between 21 and 23 until that Q2 data hits and slaps people in the face with a big dose of 'F&*K your V-shaped recovery' sometime July or August.
Whatever that moment ends up being, it'll finally chunk down below 21 and programmatic selling will kick in, roughly duplicating the mid March crash but down to ~16.
Now might be a good time to harvest some profits and prepare for a feeding frenzy.
Will be volatile between 21 and 23 until that Q2 data hits and slaps people in the face with a big dose of 'F&*K your V-shaped recovery' sometime July or August.
Whatever that moment ends up being, it'll finally chunk down below 21 and programmatic selling will kick in, roughly duplicating the mid March crash but down to ~16.
Now might be a good time to harvest some profits and prepare for a feeding frenzy.
Data analyst with a passion for best fit lines B)
Beautiful triple top setup thanks to today. No way it breaks through tomorrow. We'll drop to support bound, bounce into a decent shoulder and then early June it'll break and stay below support.