If you have been reading my articles on tradingvew,com,
you are probably aware of the bearish road map that I have been
guiding you on. since the all time S=P High of 2940 at 9/21/18
One of the most obvious takeaways this week,
as the market has resumed its sharp decline
is that price rallies simply DO NOT MAKE IT BACK,
to price levels that previously supported price.
Let me give you an example.
Previous Support, now Resistance at 2740,
which is where the last rally began to 2800,
that level cannot even be reached by the bulls
trying to get even there...
as 11/15/18 rally high was 2735,
some 5 points below important resistance.
As the market continues to make lower highs,
the bulls face difficult choices,in the days and weeks ahead
which if the decline continues
will only be magnified as we approach year end.
Many bulls especially in the financial media,
still think the market is going higher, perhaps to all time highs above 3000 in the S=P.
I personally have traders write to me privately on this site telling me the market is going higher.
Many bulls are in complete denial as they buy price dips,
only to see those prices wash away in red,trapping themselves,and their opinions in the market,
and thus making their investment decisions questionable and downright embarrassing,
if they are professional money managers who will have to face their clients, (which few ever do)
We all have choice to make as traders and investors every day.
The hallmark of a successful investor/trader
is to admit your mistake quickly,.. I repeat QUICKLY
and then make the necessary changes in strategy
needed to be successful again in the market.
Finite point. No grey area there.
As the market continues its downward spiral,
make sure that your investment decisions are based on clear thinking.
and not clouded in denial ..of what YOU THINK the market should be doing.
Until the market makes up its mind to go higher,
which I will try to tell you here on tradingview.com when that change occurs.
the path of least resistance in the markets worldwide right now,..is DOWN.
THE_UNWIND
11/16/18 825 AM
NEW YORK
you are probably aware of the bearish road map that I have been
guiding you on. since the all time S=P High of 2940 at 9/21/18
One of the most obvious takeaways this week,
as the market has resumed its sharp decline
is that price rallies simply DO NOT MAKE IT BACK,
to price levels that previously supported price.
Let me give you an example.
Previous Support, now Resistance at 2740,
which is where the last rally began to 2800,
that level cannot even be reached by the bulls
trying to get even there...
as 11/15/18 rally high was 2735,
some 5 points below important resistance.
As the market continues to make lower highs,
the bulls face difficult choices,in the days and weeks ahead
which if the decline continues
will only be magnified as we approach year end.
Many bulls especially in the financial media,
still think the market is going higher, perhaps to all time highs above 3000 in the S=P.
I personally have traders write to me privately on this site telling me the market is going higher.
Many bulls are in complete denial as they buy price dips,
only to see those prices wash away in red,trapping themselves,and their opinions in the market,
and thus making their investment decisions questionable and downright embarrassing,
if they are professional money managers who will have to face their clients, (which few ever do)
We all have choice to make as traders and investors every day.
The hallmark of a successful investor/trader
is to admit your mistake quickly,.. I repeat QUICKLY
and then make the necessary changes in strategy
needed to be successful again in the market.
Finite point. No grey area there.
As the market continues its downward spiral,
make sure that your investment decisions are based on clear thinking.
and not clouded in denial ..of what YOU THINK the market should be doing.
Until the market makes up its mind to go higher,
which I will try to tell you here on tradingview.com when that change occurs.
the path of least resistance in the markets worldwide right now,..is DOWN.
THE_UNWIND
11/16/18 825 AM
NEW YORK