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50ptMAE
@50ptMAE
$ES merchant. I post a weekly market outlook + actionable setups 👇
加入 March 2021
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Ppl are buying momo anchoring to old highs as reasomable price targets. The market has changed. You think the guys carried out on stretchers are going to be able to put up billions and buy the same shit again? People are afraid fearful and its rational to be that way. Some of these prices reached on the frothy ai names will Likely never be touched again. Look at the archegos event, those stocks by and large never recovered, ever.
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Looking at past momentum analogs. In past analogs it took approx 3 months to get back to old highs