It's likely to shoot up because short sellers will be covering their short positions. It's going to get destroyed when earnings come out.
That's because so many institutions allocate based on actual earnings reports. They are not equipped to make trades before the end of the quarter.
When they see the earnings come out - the real earnings - they will reallocate and sell a shit ton of companies that had earnings losses. 2nd wave after the crash is always institution driven. First wave is people acting in anticipation of institutions.
If I was an active trader I would, but I'm not and I'll get screwed. Wild swings happen. Sitting on cash until I see <20k.
DJIA broke 20,000 earlier. Bounced up.
It's likely to shoot up because short sellers will be covering their short positions. It's going to get destroyed when earnings come out.
That's because so many institutions allocate based on actual earnings reports. They are not equipped to make trades before the end of the quarter.
When they see the earnings come out - the real earnings - they will reallocate and sell a shit ton of companies that had earnings losses. 2nd wave after the crash is always institution driven. First wave is people acting in anticipation of institutions.
Edit to ask you straight if you are a deep state spy as I have seen said. I do not normally follow financial posts.