Short Squeeze Rallies For Stock Indexes And Cryptos Start.股票指数和加密货币的空头挤压反弹开始

The Nasdaq Composite Index found support at 11000 as I suggested since May 1. It bounced up from that level yesterday and is moving up strongly today. After 6 weeks of downside actions, major US market indexes are oversold. Put/Call ratio at 1.23 yesterday is a bullish indicator for the market to turn back up immediately. A 2 to 3 day short squeeze rally is likely with upside target at Nasdaq 12000-12500.

Bitcoin rallied from a low of 25401 back up to 30472 yesterday, a more than $5000 move turn around in a single day! It has formed a bullish long tail reversal pattern. Its rally will likely continues with resistance at $35000.

I think it is safe to buy stock index bullish ETFs TQQQ, TNA, UDOW and SPXL and crypto ETFs such as GBTC and ETHE for the bounces.  However, both the stock market and Bitcoin rallies are rallies in downtrends, more downside washout are to happen after the rallies. Watch for Nasdaq 12000-12500 and Bitcoin $35000 for taking profits. 

正如我自 5 月 1 日以来所建议的那样，纳斯达克综合指数在 11000 点获得支撑。它昨天从该水平反弹，今天强势上涨。 经过 6 周的下行后，美国主要市场指数超卖。 昨天1.23的看跌期权/看涨期权比率是市场立即回升的看涨指标。 可能会有 2 至 3 天的空头挤压反弹，上行目标为纳斯达克 12000-12500。

比特币昨天从 25401 的低点反弹至 30472，单日涨幅超过 5000 美元！ 它已形成看涨的长尾反转形态。 它的反弹可能会继续到阻力 35000 美元。

我认为购买股票指数看涨 ETF TQQQ、TNA、UDOW 和 SPXL以及 GBTC 和 ETHE 等加密 ETF 是安全的。 然而，股市和比特币的反弹都是下跌趋势中的反弹，更多的下行冲洗将在反弹之后还会发生。 留意纳斯达克 12000-12500 和比特币 35000 美元，可能要先在这些水平前获利了结看涨头寸。