We are in the first phase of a new cycle of day trading small stocks long.
The first phase has still just begun and many stocks that made 75% drops since Feb haven't even made there first phase rise and there are 3 phases.
So the summer looks Bullish for day trading.
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If this summer proves similar to all other summers then these technical breakouts won't be very strong it would seem. So while I hope this summer is bullish for small caps, it seems that the opposite is equally likely to be the case no?
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They topped out in Feb. Some fell 75%. These are huge bounces coming doesnt necessarily mean they’re breaking higher but loads of money will b made this summer regardless
