Unstoppable Decline

SPCFD:SPX   S&P 500 Index
S+P 500 Pattern is on auto-pilot right,
falling thru one important support number after another.
When the market is dropping like this,
you need to get out of the way.

Shorts are able to climb on board willingly,
as prices keep falling, making the short trade,
more profitable .. by the hour.
They seem unconcerned about an upside reversal.

It is impossible at this point
to tell how far the decline in the S+P 500 will actually go.
.Certainly a retest of 2670, last weeks seems in the cards
,and if that fails, then a retest of the October 2018 lows at 2603.

When the short trade is this easy, and profitable,
big institutions will be continually selling, trying to drive down price,
to keep momentum feeding on itself to the downside.

Perhaps it sounds like a broken record,
all of this rampant bearishness, yet at the moment,
no one seems anxious,. to change the tune.

11/20/18 538 am


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