UnknownUnicorn569872

UnknownUnicorn569872

Volume is also decreasing, the rally was probably mostly due to shorts covering and a big technical bounce (retracement + monthly diagonal support). We shall see.

UnknownUnicorn569872 Updated 

In a prevalent potential or on-going bear market, sharp countratrend rallies and 50% retracements are usual.

UnknownUnicorn569872

We shall see. We reached overextended levels in Europe and 50% retracement in the US.

UnknownUnicorn569872 Updated 

Testing

UnknownUnicorn569872

Statistically, I'd expect some sudden sharp upside moves and many gap fills to happen by approximately 6 months. When the market can trick a maximum number of traders, then it will trick the maximum number of traders. The Big Short may resume right after, if this year happens to be THE year.

UnknownUnicorn569872 Updated 

There has been a positive correlation with equities for a few months already. Aiming for some good retracements

UnknownUnicorn569872 Updated 

We shall see.

UnknownUnicorn569872 Updated 

We shall see if it holds.

UnknownUnicorn569872 Updated 

Let's see if that bear market in some US markets are that strong.

UnknownUnicorn569872

Multi-confirmation is required.

UnknownUnicorn569872

Long may take profit there

UnknownUnicorn569872

We shall see. Critical price discoveries are needed post-New Year.

UnknownUnicorn569872 Updated 

European markets are in another cycle compared to the US. A true pullback is getting more and more possible in a few European markets in spite of what's currentky going on in my opinion. It is possible that January becomes bullish before the bigger picture (potential bearish 2019 trend) takes over. Of course, I could be wrong and the markets could well collapse...

UnknownUnicorn569872 Updated 

There are in my opinion quite a few reasons to go long (potential sharp countertrend rally and pullback) before the global downtrend resumes, but we're still never too certain. Let's see what happens in the coming days. Let's hope no black swans will kill the markets just after the holidays.

UnknownUnicorn569872 Updated 

Again, even the markets bounce back, money unloading and fresh shorts would cause havok. I do not currently believe in a bull market for next year.

UnknownUnicorn569872

By then, there could be some sharp countertrend rallies. More analyses and price discoveries will have to be made as the tape unrolls.

UnknownUnicorn569872 Updated 

Test

UnknownUnicorn569872 Updated 

No matter what, my opinion is that odds favor the shorts (swing) until invalidation. We shall see what next year gives.