BlueTaze said:
A chart for those discussing gaps above and below. I also think we run up first. But if we make it up there I would look to go cash and short over stocks with huge amounts of debt or any trash meme stocks that may have squeezed.
Edit- Carter and likely most of his followers are bears, he was predicting further crash when we traded at 3500
Resistance levels - 4000, 4100-4120 range, 4275-4300 range, 4425-4550 range
Support levels - 3900, 3700, 3500, then lower gaps.
Trade the confirmed trends and don't fight them when between levels. Take profits, minimize risk, or hedge when approaching a S/R level. Remember that we are in bear market bounce still. And we just had a classic robust move that we get during each segment of a bounce. What's likely to follow as resistance levels compress is melt up and chop up. Options will likely not be your friend. Remember.. up in bear markets act like down in bull markets. Tough to trade. Might catch a big move like Thurs/Fri, but might also get chopped.
"H-A: In return for the flattery, can you reduce the size of your signature? It's the only part of your posts that don't add value. In its' place, just put "I'm an investing savant, and make no apologies for it", as oldarmy1 would do."
- I Bleed Maroon (distracted easily by signatures)