We need a Covering, Even if it comes all the way back.
Since Nov 2023 been in a two leg trend. Half way up the second leg, and we could just continue in this sad, slow manner. However, all the small and mid cap and TESLA are ready to really step up. But we need a preliminary surge and full retracement. Like I'm long RIVIAN, but if it gets out, I'll sell all at the peak and rebuy down near my original price.
But I hope today is that day. Quick week of up and back and then that COULD give us a chance for a true turn and burn. If not, if we go back below this trend line, i think there is a real chance we avoid the bubble and we keep going up into maybe September. JPOW possibly rate cuts and we go back down to like 4700 to get back in balance before any new rally.
Clearly, my accounts prefer the bubble.
But I hope today is that day. Quick week of up and back and then that COULD give us a chance for a true turn and burn. If not, if we go back below this trend line, i think there is a real chance we avoid the bubble and we keep going up into maybe September. JPOW possibly rate cuts and we go back down to like 4700 to get back in balance before any new rally.
Clearly, my accounts prefer the bubble.
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