Long Way Down To 18,000

Recession looming, global economic pressure, trade wars... chinks are beginning to show in the armor... a deep market correction is imminent IMO... Buy low sell high... the writing is on the wall...
Support 18k area... a trading bounce here and there, IMO the shorts will be on the winning side going in 2020...

We took 800 off the top yesterday... some key levels of support have not been tested... Thousands of points on the downside is not out of the question...

All IMO...

Comment:

Getting closer to 18k...next stop... 24,000 area!...

Short...

Comment:

24,000 target hit!... with global fears mounting... we have yet to see real capitulation... pain = bottom... we are not there yet... this selloff feels as if it a retail fueling the fire... smart money is cautiously buying drops... next stop 21,700 area...

Comment:

21,700 target hit... looking for a bounce at 20k... bottom out at 18k and change should wash out the weak players...

Comment:

t 20k... target hit!... market looking like it's floundering here... no buy-side conviction... We my not get that bounce and fall through this level down to the 18k area...

Regardless... time to start covering short positions... 2k point window before a huge oversold-bounce...

Bottom line... If we hold 20k level... almost time to start going long...