/biz/ - Business & Finance

Anonymous Wed Jun 15 23:14:29 2022 No.49691418 [View]
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>>49691064
California is 2nd world now?
Anyways, looking at the chart, my tea leaf lines tell me that it had a rising channel into a bearish continuation and had a gap down that didn't get filled. Not sure what the catalyst is, but it only recently entered a death cross.
MACD seems to imply additional days of a red trend, and the STC looks like it will still have additional pain; current market conditions notwithstanding (eg we might still have further red days as the FOMC gets digested).

All in all, I feel like it it should be safe to short / buy a put on this.

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