EazyE01 retweetledi
EazyE01
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EazyE01 retweetledi

$HOOD rips 50% and bulls are still in trouble.
Let me explain.
Big rally today. Just like we talked about.
Now zoom out. Find the broken support levels. A REAL bounce should at least test those.
$META barely moved though 👀. My $HOOD ripped ahead of earnings. $IGV stayed strong throughout.
But here's the thing.
$HOOD needs $110 to reclaim its trend. A 50% rally off the $70 lows doesn't even get there. $PLTR can run from $125 to $165 and only be retesting broken support. $SOFI can bounce 40% and still not be back in its uptrend.
50% bounce. Still not back.
That's where we are.
These moves are absolutely tradeable. This is exactly the counter-trend rally I talked about. Traders FEAST on these. $SPY doesn't give you 30-50% in most cycles. Individual names do.
The difference? Knowing how to use the sell button...
New traders ride these all the way up and all the way back down. They mistake a bounce for a bottom.
If or when we hit these levels, expect pullbacks. Stocks don't usually move in straight lines. If we start making higher lows, which is what needs to happen. Then we have both lower highs AND higher lows. That's not a V-shaped recovery. That's chop.
$QQQ making new all-time highs next week is the only thing that changes that.
Strap in.
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it ain’t over
GIF
z🐸@degenharambe
meme supercycle thesis thread: @GCRClassic told us that in every cycle, a trend from the previous cycle explodes. The trend usually has a flash in the pan effect in the previous cycle. Then comes back with a vengeance in the next cycle. What if that trend is memes?
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