Correction due from top of channel

No one is going to get the exact timing of this next corrective move down but its coming. Keep piling into the shorts if you can.

Note

Failure to hold the 200 dma today will send us lower immediately. A test of 2600 is very likely at this point.

Note

Short term profit taking on the shorts is logical at this point. Long term the bear market does seem to be taking hold and a correction to the longer term trend will most likely happen. A correction to 2500 would be healthy.

Note

I am calling for another 10% decline in the short term. This will take us to a test of the current bull market trend around 2300.

Note

Waiting 2800 to short.

Note

Short now folks

Note

target area

Note

FED stopped me out of this short. I am working on redoing my idea. I am very cautious but I believe we might be in for a melt up the next couple of weeks.

Note

It is safe to enter short again, target still the same.

Note

Correction has been postponed if you are trading short term bias will be long. I have hedge my shorts. What goes up must come down. This is a bubble waiting to popped and the needle is getting closer and closer everyday. I cant suggest stops unless I know your trading timeline.

UnknownUnicorn2689000

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.

UnknownUnicorn2689000