Short

SPY- Like U Mean It!

Updated

Back in October of last year when I started to Proclaim that we were heading for a bear market very soon, we have since done NOTHING for almost 2 years. Really we are just about at the same price area that the market was at when I decided to enter this market short. It was a beautiful set up. If you were following me at the time then you might remember. Also, you may recall that i mentioned that on a macro scale we could drop and then proceed to push higher to form a third divergence on the monthly (attached) and that is exactly what we had hence done in the almost 1 year since then. The standard and poor has since pushed higher than all other markets in the world. Sometimes us trades can get stuck in our routines, and put our blinders on to other assets moving in the world. That happened to be and I am glad that I noticed. There are many other assets that have topped back when I was calling the top. The SPY is the only market that has pushed harder and stronger for a triple drive bearish as opposed to all other assets and markets in the world that topped back in Sept/October of last year. When performing arbitrage you see these differences, but you can also see that they are still related. Not many people can accurately see them, but in my opinion all markets topped back then, and now we are waiting to see if the USA and CHINA have enough Gusto to get us outta this big consolidation pattern.

Tip-Fed rates cannot save us no matter what at this point.

Updates to come.

Plz personal Message if interested in a short term, free beta - technical analysis interactive trading class with me.

Note

we are half we through the predicted analysis at 100% accuracy so far. we will see if I can get this whole analysis correct, as we would now be in the final stages ready for the drop from here.

Note

Retrace and then drop or Continue?

Note

WhOAA! .. Don't Blink.

Note

Diamond

Note

we keep breaking supports.

Note

PipMiesterStronger

Also on:

Related publications

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.

Related publications

S&P Update

S&P

SPY- Range Bound, Ready to balance down

Disclaimer