Expect 20.9 to be reached next -- Till the markets improve, the strategy is STFR until it stops working
I am buying this selloff as I think it is irrational
I previously wrote that there was a probability that we might get a real EM bear. At the time I put the probability as very low. Now I have upgraded it to my operating thesis and have positioned myself for it.
Seems like we are the beginning stages of an IHS failure
Will wait patiently for REGN to get into the buying box -- expect it to arrive last august
I think XRT has entered a position where if the yellow lines hold, we will get to the blue box. Insane good R/R
I am not trusting this rally...
Finally we have an easy low risk high reward potential -- IF the yellow lines hold, we should visit the box in fairly short order
Still looking for one more low on IWM, and perhaps then we can have a better bottoming indicator configuration. Currently, the indicator configuration doesn't support a bottom
So previously I thought we were building out a massive 1-2 to the upside, but that expectation has gone to the backseat after last week's action was impressively more bearish that I expected. Therefore, my primary expectation now is that we head to the 160 region in the next month, and after that a mind boggling rally to new ATHs (~200) In that phase of the rally,...
Think we get to fill the 230 gap... yeah that's a long way down
I see LW in a bear flag, which will likely lead into the gaps down below