The_Unwind
Short

Every Rally is IMMEDIATELY Challenged or Invalidated

CME_MINI:ESH2019   S&P 500 E-MINI FUTURES (MAR 2019)
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It is very difficult to be LONG stock market indices,
in the US right now, unless you are "scalping" the market,
for whatever it will give you, which is honestly what most traders do.

Bullish chart and momentum breakouts, if/when they occur
are almost" mirage" like events,
that appear, and then just as quickly suddenly disappear.

ESH S+P Futures had apparently achieved a 45 Degree Angle Chart breakout
just a few hours ago, reaching 2674.75 High,
Pattern is usually quite reliable at re-establishing bullish trend ,
as traders note inflection point bullish breakout.

BUT NOT IN THIS MARKET.

ESH is now trading back down near its breakout point,
giving up nearly all its overnight gain,
having to PROVE itself all over again, that any upside move was/is valid.

Bearish Futures Traders are immediately taking bullish price breakout rallies,
and shredding them., so that their validity.. is immediately challenged./ or simply invalidated.

As long as this continues to happen, over and over..
it becomes obvious that the BEAR is in almost complete control.

It will take a marked change in trader psychology to change that.
I keep hearing from traders who tell me the big year end rally is just around the corner.
They are convinced that it is going to happen.

I continue to suspect that while they are waiting for that rally to occur,
that markets could be setting themselves up,.. for yet another sharp decline.

THE_UNWIND
12/13/18 545 AM
NEW YORK

Comments

gaining money fror the permabulls stubbornness seems so easy. why the big players would not profit on such easy money brought on a silver platter ? for too long people have been brainwashed that you earn money by buying stocks, time has come to show you can earn your retirement pension by selling stocks ...
Reply
Your observation is correct. The crowd is expecting the traditional December rally and continue to buy pullbacks hoping not to miss it. This is a market for active traders.
Reply
Look at the S&P500 monthly candle chart for the last 10 years. Most were dojis.
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worldwidehappiness worldwidehappiness
@worldwidehappiness, I meant Decembers were mostly dojis.
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Great job..I agree.. Thanks for sharing ..
Reply
Good stuff :)
Reply
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