It's happening.
"Never forget, rallies are for selling/shorting. You're welcome, overleveraged gamblers with too much optimism."
Been bear-ish on the S&P500 and DJI + overall macro economy since Sept/October, anyone I've discussed trading/markets/economy around this time will know that I've been saying that the next "pop" is less than 12 months away, and have recently become extra bear-ish amongst the frenzied excitement during rallies.
Next target for me would be the green demand zone marked out. Will evaluate based on the reaction to that, otherwise I'm eyeing the demand zone from the 2008 dump.
Do your own research, this is not investment advice.
Sidenote: Been bear-ish on the housing market, in particular the Vancouver + Sydney markets since spring of last year, still bear-ish. I'm not expecting any new highs anytime soon, in fact; if I was looking to buy, I'd be sitting out for 2 years or more at a *minimum*. Pain incoming, you've been warned.
Been bear-ish on the S&P500 and DJI + overall macro economy since Sept/October, anyone I've discussed trading/markets/economy around this time will know that I've been saying that the next "pop" is less than 12 months away, and have recently become extra bear-ish amongst the frenzied excitement during rallies.
Next target for me would be the green demand zone marked out. Will evaluate based on the reaction to that, otherwise I'm eyeing the demand zone from the 2008 dump.
Do your own research, this is not investment advice.
Sidenote: Been bear-ish on the housing market, in particular the Vancouver + Sydney markets since spring of last year, still bear-ish. I'm not expecting any new highs anytime soon, in fact; if I was looking to buy, I'd be sitting out for 2 years or more at a *minimum*. Pain incoming, you've been warned.
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.