The Nasdaq is +12% over the past month. Pardon me if I got fetch a gigantic bowl of oatmeal, earl gray tea, and watch markets for the first 3-4 hours of trade before deciding to do anything about lower prices. We should expect a pullback and we don’t need an excuse to trade lower. People take profits and if you bought late, expect to lose some money.
Are we topping out?
Keep an eye on WTI, treasuries, and be on the lookout for long black candles.
My gut tells me this dip will be bought. Crude is barely down and bears are still salty AF, refreshing ZH and trying to scare people on twitter with tales from the crypt.
Chill out and wait before deciding a bias.If you enjoy the content at iBankCoin, please follow us on Twitter