S&P 500 IndexShort
SPY- Range Bound, Ready to balance down
Updated
This topping area has taken 2 years to top. That would make this top a HUGE top and we could presume it could take more than 2 years to play out the bear market. To me this top is similar to most tops before bear markets, expect that it is much larger in every way than any other top. This top is the Top to rule all Tops. What could this mean. You do not have get rich, just protect your assets in case a global depression were to occur. The rest of the world's markets topped in January 2018 when we first got our first monthly RSI high. So the rest of the world has been in a bear market now for a year and a half. The world is holding on for the US and CHINA for fall to rap this macro econ case all up.
The Charts are giving us a very clear range that we have been in for the last 2 years. IF, the lows of this topping consolidation break then it will be a bear market crash. That easy. I have never successfully traded a whole market cycle, but it has been on my bucket list and I am excited for the trading possibilities, but also a little concerned about the world's outlook.
This could be the final countdown for a swing short, don't get complacent with this choppy market. The long term rewards can be life changing.
We are currently living at a very unique point in time. We have Triple Drive Bearish Divergences on both the MONTHLY and the 4 HOUR. This is a wonderful setup as i don't know if we have even had many triple drive monthly divergences is Incredibly RARE. And to have a confluence with a 4 hour triple drive bearish divergence. If this range i have outlined is not respected and we get and hold above it then I would fade out of my short positions.
Good luck my friends.
The Charts are giving us a very clear range that we have been in for the last 2 years. IF, the lows of this topping consolidation break then it will be a bear market crash. That easy. I have never successfully traded a whole market cycle, but it has been on my bucket list and I am excited for the trading possibilities, but also a little concerned about the world's outlook.
This could be the final countdown for a swing short, don't get complacent with this choppy market. The long term rewards can be life changing.
We are currently living at a very unique point in time. We have Triple Drive Bearish Divergences on both the MONTHLY and the 4 HOUR. This is a wonderful setup as i don't know if we have even had many triple drive monthly divergences is Incredibly RARE. And to have a confluence with a 4 hour triple drive bearish divergence. If this range i have outlined is not respected and we get and hold above it then I would fade out of my short positions.
Good luck my friends.
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We could run up before Powell speaks in the hearings. Looking for selling thereafter or before.
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It has Begun. Note
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I am very interested in this high Volume Bar. This is most likely our sign that this little hump is done for, and we stagnate and then drop from here
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