A point I’ve been making a lot lately, particularly on my tastylive show, is not to get seduced by classically bullish patterns in the context of a bear market (and, yeah, it’s still a bear market, the last two days notwithstanding). Below are two examples of stocks which, in a normal environment, would have been gorgeous saucer bases, but instead they were total fake-outs. Context matters! Here are PINS and SNAP:
