What a sell-off! With five trading days to go, this has sunk deeper than deep; from the stock split around the corner, many had predicted the 10:1 to be closer to 200 when it was approaching 2000, but now it seems there may be a bounce off the 100 EMA that is lurking around 1600, or the slight retrace was due to a correction. Still, the strong market after the 4th of July makes me think it is playing in the hands of a select few who need to position at a comfortable price. Not enough data to suggest which direction it will go from here.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.