Ian_Carsen
Short

US Stock Market S&P500 Perfectly Poised for Massive Decline

CME_MINI:ES1!   S&P 500 E-mini Futures
Very high chance US markets ( S&P500 ) will collapse from here (2910-2920) ... expected decline anywhere from 20-50%

  • First trend line (on smaller time frame) broken. Now rejecting near smaller time frame trend start.
  • Rejecting at trend start on larger time frame after losing trend Dec 2018
  • Smaller time frame short possible!
  • May precipitate bear market with declines up to 80%. 20-50% expected.

Russell 2000 is often a leading indicator for the larger market from my experience. Loot at /RTY and notice a failure to make new highs since the end of February. Now notice the trend break. Looks short!
Comment: Based on price action: new higher high, it appears a massive decline is unlikely to occur. I'm looking to protect profits on this trade and reverse the position to the long side

Trade closed manually: Price should return to the highs at this point
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