Overdue for a strong correction before higher yet?

30 thg 1

Here is my current view of LC. Like many others, I never thought it would get this high in the first place. But following and adapting with this runaway longwinded bull, the funds are very long and as they unwind (it already looks to have started), it's gonna be a sharp downward move. There's good support and technical retracement down around the 190 region, but panic and momentum and long liquidation turning to even shorts could get thing uglier yet. I currently expect to eventually shoot back to new highs, perhaps targeting 220 region.

5 thg 2

Ghi chú

This was my very first post on TV and I did it from the mobile app, which seems to limit some abilities. I didn't get the chart pic down right for one thing, and then the app didn't let me edit it immediately after, or add this Update until now when I'm making time to do it from a desktop... Anyway, here is the chart idea I would have posted 5 days ago, that seems to be better confirmed now.