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Eloquent
Dec 18, 2023 5:34 PM

[nasdaq] "the pivot" 

E-mini Nasdaq-100 FuturesCME

Description

there once was a guy who told people to long the market last winter,
i was that guy, and i'm back a year later.

last year we went long,
this year we go short.

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just a bit of a back story \ some psychology behind this entire move spanning from the lows, to the highs of where we are about to be.

last winter at the lows, short interest spiked to all time highs, this was a historical buy signal to anyone who understood the principle of inverting the masses. i said with a very high certainty back then, that the market would push to the maximum possible extreme, and it would continue pushing until the last bear had gone extinct.

(t h e c o m p l a c e n c y p h a s e).

on 12-15-23, we had one of the largest bearish expirations i personally have ever seen with my own eyes, and the bears have finally perished. there is just one final expiration going out into 1-19-24 which i personally have my eyes on. once these contracts expire worthless, the market will be extra ripe to drop - even more ripe than it was last winter, when we called out the exact bottom across the board.

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ps. i'm not your financial advisor, this is not financial advice. you are 100% responsible for your own trades, managing your own risk, and doing your own research. this post is merely my opinion, and nothing more.

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