Short-term bullish, too much damage too quick. Long-term bearish, not pricing in the ramifications of shuttering the GLOBAL economy, & mountains of debt. Definition below for reference.
"A short squeeze is a rapid increase in the price of a stock that occurs primarily due to technical factors in the market rather than underlying fundamentals. A short squeeze can occur when there is a lack of supply and an excess of demand for the stock due to short sellers covering (liquidating) their positions."
TA x Personal Opinion = not investment advice
"A short squeeze is a rapid increase in the price of a stock that occurs primarily due to technical factors in the market rather than underlying fundamentals. A short squeeze can occur when there is a lack of supply and an excess of demand for the stock due to short sellers covering (liquidating) their positions."
TA x Personal Opinion = not investment advice
Note
Will expect further upward movement from the ETF if can break above trend line. Will not short again heavily until it breaks constricting triangle or hits target.Bullish short-term... Brrrr
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Disclaimer
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.