Friday, April 26, 2019 12:06:29 PM
We have a ways to go here - awhile out with not too many short-term catalysts brings in short term shorts.
However, IMHO if you have a LT long-side horizon here we will be in great shape 1-3 years out from these levels. Shorts are usually short term traders and in the near term we could be under some pressure (hence the shorts), but I don’t think longer term you want to be short here, JMHO.
Following the charts is like driving a car forward while looking in the rear view mirror.
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