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Rikity
Jun 18, 2021 10:32 PM

The trendline goes back to the COVID selloff over a year ago Short

E-mini S&P 500 FuturesCME

Description

I want to note the trendline there has been adjusted twice, this break with the close below is different. The bottom then the first pullback were pretty far apart, they are getting closer together now. That trendline IMO is no longer in tact. Real weakness is surfacing now. The FED hinted at doing something no sooner than 2 years from now and the market has no idea what to do now.

I think they've run out of reasons to buy it up from here though
Comments
epiclegendaryman
Great work. Indeed, sadly we must now eat up a 4-8 year corrective cycle. Unavoidable, just laughable. Adjust and overcome. Safe trading.
Rikity
@epiclegendaryman, Time to dust off the short calls and puts!
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