Eeek!
Messy day today. Heading into today everything was on good supports. I should caveat this by saying we also closed at what may be good supports ... but today we might have seen some real damage to the trends which will unfold in the coming weeks.
The wave C / D leg thesis has failed with a new low. I was stopped out some longs and exited the rest on the little rally to retest.
We may be about to see the full play out of the big bear forecasts.
We're very close to the point where the bull trend would typically be considered to have failed.
I'm not talking "Can retrace a little more" ... I'm talking it's done!
Very good time to consider if are comfortable with what you have at risk.
Messy day today. Heading into today everything was on good supports. I should caveat this by saying we also closed at what may be good supports ... but today we might have seen some real damage to the trends which will unfold in the coming weeks.
The wave C / D leg thesis has failed with a new low. I was stopped out some longs and exited the rest on the little rally to retest.
We may be about to see the full play out of the big bear forecasts.
We're very close to the point where the bull trend would typically be considered to have failed.
I'm not talking "Can retrace a little more" ... I'm talking it's done!
Very good time to consider if are comfortable with what you have at risk.
Trade active
65K incoming if this rally rejects I think. Short 81k
We may be inside of a crash event to 3000 in SPX.
Read the full case with backlog of historic analysis/forecasts here: holeyprofitnewsletter.substack.com/p/the-case-for-3000-in-spx
Read the full case with backlog of historic analysis/forecasts here: holeyprofitnewsletter.substack.com/p/the-case-for-3000-in-spx
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
We may be inside of a crash event to 3000 in SPX.
Read the full case with backlog of historic analysis/forecasts here: holeyprofitnewsletter.substack.com/p/the-case-for-3000-in-spx
Read the full case with backlog of historic analysis/forecasts here: holeyprofitnewsletter.substack.com/p/the-case-for-3000-in-spx
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.