Need more comments? You see all my previous arguments via links below, and also I had quite some posts recently on Twitter too.
- Daily haDelta drops below zero. Candle turns red with momentum picking up.
- Short term tgt 4410-4430. Sell 4H spikes!
- Real bear market would resume below 4400, with daily EWO turning too.
I am short 2 adjusted trade units outright + 1 unit on spread ag. SPX as a relative value trade.
-> for those who don't understand, what I mean by "unit", I am happy to explain in case. 1 Unit = always different number of contracts, depending on change in ATR. So lower = more contracts in a position. Higher = less contracts in a position. Number of units increased mean more leverage.
Risk and money management is a lot more important then a trade entry signal itself! Without a sound risk management anybody will soon die on financial markets.
I am also long $VXX