1780 can continue to short Sandisk. Wait two weeks to see a breakdown below 1500
Normally I don’t share my views, but I’ll say mine today.
1️⃣ The daily K chart has already hit the same pressure level as 23 days ago. Selling pressure is too heavy, so it can’t go up.
2️⃣ The 12-hour chart has also formed two attempts to test the top, with no breakout accompanied by strong volume.
3️⃣ Money is fluid. The funds in the pool will be used in the short term to pump crypto, not US stocks. US stocks are also viewed positively in the long run, but they’re not “just” viewed positively right after a non-farm payroll (NFP) downside surprise. In the crypto market, people speculate on up/down moves; for US stocks, the logic should place more emphasis on financial news. Data can be manipulated, but there are still signs to follow.
Normally I don’t share my views, but I’ll say mine today.
1️⃣ The daily K chart has already hit the same pressure level as 23 days ago. Selling pressure is too heavy, so it can’t go up.
2️⃣ The 12-hour chart has also formed two attempts to test the top, with no breakout accompanied by strong volume.
3️⃣ Money is fluid. The funds in the pool will be used in the short term to pump crypto, not US stocks. US stocks are also viewed positively in the long run, but they’re not “just” viewed positively right after a non-farm payroll (NFP) downside surprise. In the crypto market, people speculate on up/down moves; for US stocks, the logic should place more emphasis on financial news. Data can be manipulated, but there are still signs to follow.
