Short
Prepare For A Big One
Markets bounced to retrace a portion of Friday's rout, an ABC counter move can complete very soon or around the 35500 - 35650 area maximum to set up a superb opportunity for the bears. We continue short and extreme bearish.
We see a wave 3 down big enough to take 3-5000 points off the Dow, beginning this week. The warning shot across the bow was triggered last week. Fragile bulls will bail out en masse....once the February lows are breached.
You can be certain of some "news" to justify the coming plunge, but not before.
Sentiment has changed across the world, the rallies are being sold.
Even this coming wave 3 down will not likely be the final nail, the unwinding of decades of sheer greed and leverage will be historic.
Appreciate a thumbs up...Good Trading!
We see a wave 3 down big enough to take 3-5000 points off the Dow, beginning this week. The warning shot across the bow was triggered last week. Fragile bulls will bail out en masse....once the February lows are breached.
You can be certain of some "news" to justify the coming plunge, but not before.
Sentiment has changed across the world, the rallies are being sold.
Even this coming wave 3 down will not likely be the final nail, the unwinding of decades of sheer greed and leverage will be historic.
Appreciate a thumbs up...Good Trading!
Note
Maximum retrace is 34500-34650...does not have to, can truncate now.
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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.
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.