SMOKED SALMON 💨 🍣 AKA BEAR MARKET🐻
Updated
SPX 500 Futures (front month) closes below bottom BB and in a zone with a previous retrace.
extreme low market sentiment, matched with flattening yields in bond market, with DXY reflecting a strong but fundamentally overpriced USD,
coupled with the fact that the market dropping record levels on red days (2-3% dips regularly, with price action showing strong interday reversals on fundamental new releases)
i think we in a bear market......IF.... theres a big ass breakout to the down side from the DAILY BB.
that...to me... would signal that the markets is pricing fear/lack of confidence in strong enough levels to start to cause volatile market conditions ( in this case a big [volatile] drop)
oh yeah and the VIX is 30+ showing that fear is real. but we aint even hit COVID levels of VIX, so no panic? i guess?
if anything i say we inna downtrend
do as you will.
extreme low market sentiment, matched with flattening yields in bond market, with DXY reflecting a strong but fundamentally overpriced USD,
coupled with the fact that the market dropping record levels on red days (2-3% dips regularly, with price action showing strong interday reversals on fundamental new releases)
i think we in a bear market......IF.... theres a big ass breakout to the down side from the DAILY BB.
that...to me... would signal that the markets is pricing fear/lack of confidence in strong enough levels to start to cause volatile market conditions ( in this case a big [volatile] drop)
oh yeah and the VIX is 30+ showing that fear is real. but we aint even hit COVID levels of VIX, so no panic? i guess?
if anything i say we inna downtrend
do as you will.
Note
side bar, this more of a longterm idea.for ☀️daytrading: play that shit day by day
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