possible short squeeze in progress, but unlikely to reverse the trend.
previous sell-offs had decreasing momentum, whereas this current selloff mimics the strength of the february crash.
similarly in february shorts skyrocketed during the consolidation at the previous bottom, but they could not be squeezed.
target 4250 based on some very old trendline , but possibly lower. downtrend expected to continue for the next year
previous sell-offs had decreasing momentum, whereas this current selloff mimics the strength of the february crash.
similarly in february shorts skyrocketed during the consolidation at the previous bottom, but they could not be squeezed.
target 4250 based on some very old trendline , but possibly lower. downtrend expected to continue for the next year