@DeFiTracer Except their valuations at the time of their IPO is almost the same if not more than what $AMZN, $GOOGL, and $META are worth today after 30 years!
Not to mention point of control & smart money zones are sitting right overhead
All while Monthly BX is still red on $SPY
I’m still fully long, but I’ve rotated out of tech into other sectors
Still… this is starting to feel like a trap
Plenty of big tech just printed dark red Monthly BX, but $TSLA is still in Bull Cycle.
March needs to bounce or we likely get a sharp correction.
System is green so I’m still bullish, but I’m not married to this name.
If Bear Cycle confirms, I’m out and the thesis is gone.
The festival of Diwali is over so the demand might have suddenly dropped. You’d be surprised by the amount of gold people buy in India during Diwali. There’s one special occasion during this time called “Dhanteras” (the day before yesterday) where every household in the country aims to buy gold!