This looks like it's setting up a good opportunity. Whenever I see hyper strong moves in a market I also get interested in fading them, but since I've always done that I've learned it's usually a much better idea to wait until that goes really badly for some people first. Typically it's better to be the last bear than the first. And part of what I look for in this is for there to have been an obvious bear trap and take-out of those shorts. When I see this, I like to look for short opportunities into the 161 level and my stop goes behind the 220.
If we see a top here, it's possible we get a hard 50% down before a bull trap forms on CAR.
If we see a top here, it's possible we get a hard 50% down before a bull trap forms on CAR.