I AM pulling the danger warning card. This rebound is based on empty air of hope about Fed rate reversal and Options trading. Retail Long buyer are max out. The virus thing is showing up again. China is in the hole. Germany (Europe) is kaput. Consumer is tapped out. And Citigroup economic surprise index is taking a nose dive recently.
But what is the most important thing are the price chart. Today price action was going nowhere ans stalling after yesterday’s trust. The risk is to high vs reward. Puff the magic rebound is about to have a reality check. Time to go cash for the less active investors.
Same levels just different day.
Bonds are still in a downtrend.
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Author: Robert
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