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 majored in Finance and minored in Piano Performance at Boston University (graduated in 2020).
Outside of trading/investing, I enjoy teaching and playing piano, teaching and playing Go, fishing, and watching anime. I also started my own Boba company while at BU, and am currently working on a company with my twin brother.
I'm currently teaching Go full time, which has been the best job I could ever hope for.
View all posts by bigfry
Bigfry's Blog 