I was quite surprised by how much the market jumped this week. Here are the weekly charts of the indexes.
Bears waiting for a jump in prices to sell into can now do so. I think the risk reward is now skewed towards the downside, so it makes sense to short sell or sell here from a short term perspective.
If we do start to approach the previous lows, I expect rapid high-volume selling that drags the indexes down to February lows.
Hi, I’m Nathan. I graduated from Boston University in May of 2020. I majored in Finance and minored in Piano Performance.
I’ve always found the financial markets fascinating so I decided to start this blog to share my experiences.
Outside of stock trading/investing, I enjoy teaching and playing piano, fishing, watching anime, and teaching/playing "Go," an ancient Chinese strategic board game.
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