All To Play For, 15 Feb 2023
🖼 Daily Technical Picture 📈
➤ The price reaction post the Inflation data was anti-climatic. Equities started lower but ended higher. Overall, slightly down from the previous day.
➤ Don't be fooled by my chart that has plotted an almost perfect trajectory for the price path thus far. This will most certainly be wrong. I'm no Nostradamus.
➤ For Traders like myself who are holding a short position, the rise over the last three days has not managed to surpass the large down day on 9th Feb. Bulls are finding it tough. Of course, that doesn't prevent prices from surging higher, it just shows that the Bears are still in the game. The game is wide open, it is all to play for.
➤ I would need to see the VIX reverse course quick smart though. It collapsed today. A solid up tick is needed for the Bear thesis to play out.
➤ Conclusion: It is still going to plan.
➤ The price reaction post the Inflation data was anti-climatic. Equities started lower but ended higher. Overall, slightly down from the previous day.
➤ Don't be fooled by my chart that has plotted an almost perfect trajectory for the price path thus far. This will most certainly be wrong. I'm no Nostradamus.
➤ For Traders like myself who are holding a short position, the rise over the last three days has not managed to surpass the large down day on 9th Feb. Bulls are finding it tough. Of course, that doesn't prevent prices from surging higher, it just shows that the Bears are still in the game. The game is wide open, it is all to play for.
➤ I would need to see the VIX reverse course quick smart though. It collapsed today. A solid up tick is needed for the Bear thesis to play out.
➤ Conclusion: It is still going to plan.
🏆 eToro Popular Investor 💰
✅ Copy My Trades @ eToro, etoro.com/people/mrstocky
✅ Verified Track Record 📈
Not Investment Advice
✅ Copy My Trades @ eToro, etoro.com/people/mrstocky
✅ Verified Track Record 📈
Not Investment Advice
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