
Neo
170 posts



I think $CAR has major parabolic bounce potential. It is 75% off the highs and still has not had a real bounce. I watched those couple of halt-ups while I was working into my cover, and they happened with almost no effort. At this point, it would surprise me more if it did not have a parabolic bounce than if it did. It held the left-side peak of the prior base perfectly. Not a single 5-minute candle closed above the 10 EMA yesterday after 11:30 AM ET. I would bet there are still plenty of chaser shorts trapped in this with ugly averages.



















Got hefty loss on multiple swing positions for risk-off over night (biggest on the year). Had to cut bunch of tickers and hedged some. But will restart positioning soon, assuming we return into risk-off soon and oil heads higher again. Not stubborn, just conviction+facts.





