LogFAQs > #950099818

Just a heads up for people that care about non-meme stocks-
I am following some Israeli Telegram and online forums, some people who are very good at TA are super concered about the closing of Friday. They pretty much said that all major indicies closed below the "support" of "the tunnel" or whatever other bullshit that TA is
And this is the first sign of a correction coming
One of the people that said this is the guru of the forum. He also predicted the COVID market crash like a month before. I know that in hindsight it sounds like "well, duh" but US Stock Market kept on breaking new records up until the 20th of Feburary, and he warned the whole way

But I don't know. I am taking him seriously but...I just don't "feel" like a crash is coming. I felt it very well in Feburary 2020 and I don't feel this now. Maybe I am wrong.
They are very concered about the high exposure that the stock market gets in the last 2 weeks. They are very concered about Robinhood actions. And if those "meme stocks" are really going to fuck hedge firms and they are going to sell the normal stocks they are holding this might lead to a collapse
(Also people leaving Robinhood and selling their stocks so they can leave to another broker easily)
And the VIX doesn't look good either. Two days ago was the 3rd highest increase for a day in the history of the market

I don't panic yet and honestly maybe this is all bullshit and Monday futures are going to be green and crisis averted..again

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wololo