Talking about shorts the last Shortman peak (much lower than now) was late Oct'21. At the same time we saw an oversold Long term SP.
This was a set up for news to send the SP flying.
Along came the Mercedes news and the SP flew north of $2.
Perfect storm.
Right now we have a very high Shortman peak and long term SP oversold conditions.
A little bit of good news will complete the set up and see the SP fly.
Wait and see.
This was a set up for news to send the SP flying.
Along came the Mercedes news and the SP flew north of $2.
Perfect storm.
Right now we have a very high Shortman peak and long term SP oversold conditions.
A little bit of good news will complete the set up and see the SP fly.
Wait and see.