Bearish S&P (ES1!) Chart drawing from 2000/2008 bear markets

The chart is self-explanatory, we either trend above the weekly 50 moving average, or we don't. I really don't think there is an "in between" scenario. Most stocks have pumped due to "beating earnings" that had been LOWERED. Essentially "Wow all these companies are beating expectations by 5-10-20%! this is great! Economy is good!" Meanwhile, those estimates had been lowered beforehand to give the illusion of beating, the stock price pumps, retail buys, and smart money starts filling their short positions at the inflated prices. When you look at earnings/revenue I see the majority of companies reporting their lowest Quarterly earnings in over a year. Let's see what happens. I have a target scenario, and I have a "I'm wrong" scenario, let's see what hits. I'm using Call Options for SOXS May 2019 $9 strike., and SQQQ $14 strike April 2019. And TVIX.

If you look back at my older charts, I've been 1) shorting earnings all through 2018, 2) called the top before the drop September 2018 (told my mother to switch her $ out of stocks and into anything else), 3) called and bought the bottom december 24th , and called the 4) Gold pump in October 2018. I don't think this 5th major play will be a factor of "my luck running out". I think all 4 plays were just symptoms of the same slow, grinding issue, that takes the market forever to realize after 8-9 years of bull market, that we're in a bear market and going lower.

Also if this chart is hard to use, use this to view/save/share

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IF this chart is hard to read, use this JPG, it's much easier to use/save.