SQUEEZE on SHORTS - seasonally bearish MAY
Posted 05 May 2023 - 10:00 AM
That's it for the Regional Bank crisis for a week or more... until the Big Banks themselves short the Regionals, reap billions in profits, and get paid even more to "buy" & absorb the failed regionals.
Posted 05 May 2023 - 10:02 AM
Edited by redfoliage2, 05 May 2023 - 10:08 AM.
Posted 05 May 2023 - 11:46 AM
Mark Newton CMT (@MarkNewtonCMT) tweeted at 0:20 PM on Fri, May 05, 2023:
Today's reversal is important for #Banks and coincides with a S/T cycle that ive been tracking- This also coincides with DAILY AND Weekly DeMark exhaustion for $KRE
Posted 05 May 2023 - 11:54 AM
Putting on my profit stop at 4134 and was taken out so starting my new short build at 4135...
Posted 05 May 2023 - 01:03 PM
And just like that, average short 4140 now, lets go 4150 again lol!!
Posted 05 May 2023 - 01:46 PM
Not a chance lol, been done for a year!!
Doesn't matter as a market just needs anything to hype on or it's a dead market .................
Edited by redfoliage2, 05 May 2023 - 01:46 PM.