I believe the stars are aligning for a decent med term short for stonks
Fundamentals are poor - inflation and rates higher for longer (not factored into earnings yet)
Sentiment is extreme - note recent sentiment surveys all extremely bullish (greed) contrary to market perception
Bears have been capitulating - note short covering rallies (stopped out) in heavily shorted names
Technically RTY looks like a classic triangle consolidation (B/X wave)
Short 1880, stop 1980, looking for 1500 or lower (4 to 1 R/R) coming weeks/months
NOT INVESTMENT ADVICE
Fundamentals are poor - inflation and rates higher for longer (not factored into earnings yet)
Sentiment is extreme - note recent sentiment surveys all extremely bullish (greed) contrary to market perception
Bears have been capitulating - note short covering rallies (stopped out) in heavily shorted names
Technically RTY looks like a classic triangle consolidation (B/X wave)
Short 1880, stop 1980, looking for 1500 or lower (4 to 1 R/R) coming weeks/months
NOT INVESTMENT ADVICE
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免責聲明
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