RE:RE:ReRE:Can someone explainVery well said. Oil charts are bearish short term at this point and nobody knows how short, short is.
Only true contrarians would be taking risks here, most are holding or giving up.
I truly agree that "perception is reality". And the perception of reality is skewed at this point with a very strong bearish narrative. I must laugh at the impact of electric cards in the next 5-10 years - very limited.
I am quite eager to buy and I don't seem to be alone but as you say "don't fight the tape". Sector rotation has been in tech in recent days. It will be interesting to see what happens as consumption is felt.