Definite battle brewing here between bulls and bears. If you are short, you do not have to panic out of shorts that have not bounced much. You want to see what the market is doing during this bullish cycle. If it produces nothing you can stick with your shorts. If this bounce gains traction during the bullish cycle you should consider paring back short exposure. If you are considering a long position for day trading you want to see a new hod during this bullish cycle.
November 30, 20221 min read