Technical Analysis and Outlook: This week's price action of the Eurodollar turned out to be nothing but down modish as projected, by fulfilling our Outer Currency Dip of 1.087 and drifting to the next Outer Currency Dip of 1.070. However, the dead-cat rebound to Mean Res 1.090 should not be ignored.
Recession second wave. Vix exp. risk release. VIX exp 17e. Options is getting volatile. can be sold today and market will crash before even vix exp. SQQQ is getting much inflows these days and apple and big tech stocks get heavy shorts these past days into vix exp. Biggest PUT exp is 19e. We need a lot of downside into that to keep options worth.
Lightning eMotors (ZEV), a leading provider of commercial electric vehicles for fleets, and GigCapital3, Inc. ("GigCapital3"), announced that they are completing their previously announced business combination. The combined company has changed its name to Lightning eMotors, Inc. and its common stock and warrants began trading on the New York Stock Exchange under...
Bearish triangle has formed. Selling on a clear breakout down to target 1.
This is an update to my idea "Time Machine Update" link below. Breaking the previous high of 583 the yellow horizontal line of resistance is important to seeing 622 in the near future. I am holding a few ZIL for long investment not a trade. I'll hopefully not make another ZIL chart until April. ;)
Fed will probably fight this till the very end. Let's see who wins.