Yesterday’s nutty effusion is just what one would expect in a bear market.
That is, a short squeeze nasty enough to scare the hell out of bears and to make it punitive and very painful for them to stick with their bets. We’ll know more very shortly when the March E-Mini S&Ps encounter a granite Hidden Pivot resistance at 6002.25, my minimum upside projection for this burst of irrational exuberance.
Tune In Now!
I encourage you to subscribe to my premium Rick’s Gold and Bitcoin Radar and lock on to accurate gold and bitcoin price targets and sharp strategies to keep the turbulence of these markets on your screen, and not on your nerves. Complementary to the radar is the premium Rick’s Trading Room, a 24/7 hub of market-savvy traders sharing real-time updates and actionable ideas. It’s the ultimate combo. It’s just $39 per month and there’s a 30-day money back guarantee. Subscribe today.
Thank you,
Rick Ackerman