RE:RE:Shorts NOW in Control !!!!!!!!!!!Shorts are not in control. Do a 3 month chart. The Friday drop at 5 times the average volume came in at 911000 shares. Do a 5 year chart also to compare.
To me looks like washout. Does not mean it bounces on Monday but I most definitely would not short here.
Last mini recession was 2016 when oil reached $30. Oil been hanging in around $55 so not signalling a recession.
I would short Russel if was average volume but looks more like washout here
also 10 year dropping rapidly was trigger that turned markets in 2016. Same happening now as got as low as 1.60. Many predicting new all time lows since large percentage of world economy has negative rates now and US headed in that direction.