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| blomblom | @someone44 |
Go To Page: Visit This Person's Page
| | __________________________________________________________________________________Post: Well, if you were in shorts, you had a good day today. Who knows what tomorrow brings. Like they say, stocks go up a fairly flattish hill and then they take the elevator down. That is why if you were in shorts, you probably did not too shabby. However, what will tomorrow bring? Technical indicators show that RSI is super over sold. This usually means a bounce upward on the $spy and $qqq and that is on the 5 day chart. But, the crazy thing is that gold is down $gld, and bitcoin is way down. It actually went below the 200 day moving average, which could mean very bad things for bitcoin and the stock market in general, since it likes to flow together. That, taken together with the big indexes being down today, means who knows what for tomorrow. If gold were up, it would be easy to say that people were just piling into gold. But, with gold down, you have to wonder if people are not completely derisking everything, or are they being liquidated with margin calls and being forced to sell gold, which means liquidity is really not there, which could spell trouble for the market overall. We shall see tomorrow. | 2025-11-04 | |
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