RIP to the leveraged traders. Moment of silence.
This sell off was ugly. Now the question remains, do we gap down to $41K or do we have the all clear for launch now that all the leverage was cleared out of the system? I’m personally lost for direction at the moment so it’s a wait and see situation for me.
The amount of money my portfolio lost today was shockingly impressive though. I’m not even mad.
Wouldn't be surprised if we move back to the 41k area, that's where I would be putting larger buys anyway. While it's been a big day, there is still the omicron and FED issues floating around in the traditional markets. These events will probably continue to affect us, so next week may help us determine direction from here in the short to medium term.