Get Ready To Short This U.S. S&P Rally! On Your Mark....
Updated
The market sputtering up with no volume! ......because they all bought low. who is the sucker that is going to buy at the higher price with less people buying?
Get Ready To Short This Rally! On Your Mark........ Remember, I DID NOT SAY "GET SET or GO yet!"
Get Ready To Short This Rally! On Your Mark........ Remember, I DID NOT SAY "GET SET or GO yet!"
Note
I normally can predict retail sales every month before it happens, but my data is mixed; hence, waiting for data to come out. This rally doesn't make sense.I've been waiting for the trendline break for days. People will try to buy at the trendline...need a nice break through it and break of support and then look to see if there are sellers going to join us and buyers who probably want to exit losing positions.
Note
The Up Trendline BROKEN!MMUUHHAHAHAHA!!!
Note
Patience:Note
SELL SIGNAL TRIGGERED! Note
I am looking on the regular chart to determine a place to enter short below support.Note
Need to see that breakdown (evidence) first, then I will join the bears:Note
If used correctly, the fundamentals can help us to predict what is to come next. People who say that fundamentals don't matter, lack knowledge and copy comments from hearsay without learning it themselves.BULL are STILL IN CONTROL. Price NEVER BROKE DOWN to prove that the bulls are dead. They are very quite alive. We need a break o new lower levels, like walking down stairs. Also, the US indicies are all rallying across the board. Fundamentally, I wrote before retail sales came out that retail sales will make or break JPM's pattern. This also includes the SPX500 and other US indicies. Instead of throwing darts at charts, we must consider the fundamental picture and its catalysts as well.
Patterns reflect investor sentiment and fundamentals help us to anticipate what is to come next.
Note
Wait for the pullback and a candle entry!Note
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.